Ethereum price falls below $1,900 as Shanghai upgrade approaches

Apr. 12, 2023

By Mike Dalton

Ethereum is down very slightly pending an event that will gradually unlock staked ETH.

The price of Ethereum (ETH) fell below $1,900 on April 11, representing a minor loss during the hours leading up to the blockchain’s anticipated Shanghai upgrade.

ETH market value falls below $1,900

The market value of ETH fell from $1,921 to as low as $1,888 over a short period. That change was seen during the hour leading up to 8:30 p.m. UTC on April 11.

As of 1:30 a.m. UTC on April 12, the asset is still valued at $1,895. The change in value represents a loss of just 1.0% over the past 24 hours.

The small fluctuation is made somewhat more notable by the fact that Bitcoin is up 2.0% over the same period of time. Meanwhile, the crypto market in its entirety is up 1.0% over the past 24 hours and certain other top 10 tokens are in the green.

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