Technicals signal bitcoin shift, Ethereum gears up for Glamsterdam: Crypto Week Ahead

Crypto markets are kicking off the week on volatile footing, with bitcoin regaining $86,000 early Monday and briefly touching $87,000, nearing an eight-month high, before reversing course. Traders are closely monitoring dollar strength for clues on whether BTC can extend its rally or consolidate gains.

Bitcoin's 50-, 100-, and 200-day moving averages are converging toward their first fully bullish alignment since 2025, signaling that its three-month recovery remains structurally intact.

Meanwhile, macro eyes turn to a busy U.S. slate featuring ISM Services PMI, FOMC minutes, and jobless claims.

On the protocol front, Ethereum developers are gearing up for the "Glamsterdam" testnet upgrade on Sepolia, alongside major token events across Balancer, Aave, and AirSwap.

What to Watch

(All times ET)

• Crypto
  • Ethereum core developers execute the Glamsterdam upgrade on the Sepolia testnet, marking a critical dress rehearsal for mainnet implementation of account abstraction enhancements and data availability optimizations.
• Macro
  • Oct. 6, 5:00 a.m.: Eurozone Retail Sales MoM for August est. 0.4% (Prev. -0.6%)
  • Oct. 7, 2:00 p.m.: U.S. FOMC Meeting Minutes (Sept. 15-16 Meeting)
  • Oct. 7, 3:00 p.m.: U.S. Consumer Credit for August est. $12.5 billion (Prev. $18 billion)
  • Oct. 8, 8:30 a.m.: U.S. Initial Jobless Claims for period ending Oct. 3 est. 195K (Prev. 197)
  • Oct. 9, 10:00 a.m.: U.S. Michigan Consumer Sentiment Index Prelim for October est. 48.1 (Prev. 48.1)
• Earnings
  • None scheduled

Token Events

• Governance votes and calls
  • Aave is voting on allowing an outside firm manage a new, independent lending market on its platform, with the two sides splitting the profits 50/50. The so-called Aave Request for Final Comment (ARFC) proposes a deployment framework for Sentora to operate externally curated Hub and Spoke instances on Aave V4, authorizing its initial deployment on Ethereum. Under the proposed model, Sentora will independently curate collateral, risk parameters, and interest rate curves outside the Aave DAO’s core risk mandate, while the DAO retains smart contract admin ownership and receives a 50% revenue share.Voting ends Oct. 5.
  • AirSwap is holding a signaling vote on whether Consensys should temporarily pause its automated sales of AST tokens if the market price drops too low. Community members are indicating whether Consensys should temporarily pause its planned AST sales to cover operational expenses if token prices fall below its self-established minimum threshold. Voting ends Oct. 5.
  • Derive is voting on a proposal (DIP) to increase the share of applicable protocol fees allocated toward weekly DRV buybacks from 35% to 50%. The existing execution cadence and buyback mechanisms will remain unchanged, with the update purely boosting the fee allocation percentage. Voting ends Oct. 5.
  • Balancer is voting on a joint treasury resolution following the recent protocol wind-down plan. The proposal seeks to settle cross-DAO token swap commitments between BalancerDAO and CoW DAO, detailing the orderly return and pro-rata distribution of treasury-held COW and BAL assets. Voting ends Oct. 6.
• Unlocks
  • Oct. 5: Canton CC$0.1268 to unlock 0.38% of its circulating supply worth $19.18 million.
  • Oct. 8: Stable STABLE$0.02706 to unlock 3.3% of its circulating supply worth $24 million.
• Token launches
  • No confirmed major token launches.

Conferences

• Oct. 6-7: Digital Assets Week (London)
• Oct. 7-8: TOKEN 2049 (Singapore)