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Ether Holds Near $1.9K as Shanghai Fork Approaches
ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.
Ether ( ETH ) retreated below $1,900 on Thursday a day after surpassing this threshold and reaching its highest level since last August .
The second-largest cryptocurrency by market capitalization was recently trading at $1,876, off 1.5% over the past 24 hours. Still, ETH has gained over 4% for the past seven days as market participants eye Ethereum’s April 12 Shanghai hard fork , which aims to address staked ETH withdrawals.
After rising the day before, liquid staking tokens flattened on Thursday. LDO , the governance token of the decentralized autonomous organization behind Lido, dropped by 3% for the day to hover around $2.50 on Thursday. The price drop came after a Lido protocol developer said in a Twitter Space Thursday that Lido stakers can expect their ETH withdrawals “no sooner than early May.” Rocket Poll’s RPL token was down 2.9% to trade near $46, according to CoinGecko data .
Read More: https://www.coindesk.com/markets/2023/04/06/ether-holds-near-19k-as-shanghai-fork-approaches/
ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.
Ether ( ETH ) retreated below $1,900 on Thursday a day after surpassing this threshold and reaching its highest level since last August .
The second-largest cryptocurrency by market capitalization was recently trading at $1,876, off 1.5% over the past 24 hours. Still, ETH has gained over 4% for the past seven days as market participants eye Ethereum’s April 12 Shanghai hard fork , which aims to address staked ETH withdrawals.
After rising the day before, liquid staking tokens flattened on Thursday. LDO , the governance token of the decentralized autonomous organization behind Lido, dropped by 3% for the day to hover around $2.50 on Thursday. The price drop came after a Lido protocol developer said in a Twitter Space Thursday that Lido stakers can expect their ETH withdrawals “no sooner than early May.” Rocket Poll’s RPL token was down 2.9% to trade near $46, according to CoinGecko data .
Read More: https://www.coindesk.com/markets/2023/04/06/ether-holds-near-19k-as-shanghai-fork-approaches/
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