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At press time, ETH was worth about $1,814.41 after it experienced a 1.61% price increase in the past 24 hours.
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Ethereum’s March upgrade, codenamed Shanghai, finally enabled stakers to withdraw their locked Ether.
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The mechanism now used to confirm transactions relies on validators staking their Ether (ETH).
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With its historic Merge event in September, Ethereum has become a proof-of-stake blockchain.
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Bitcoin (BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment.
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BTC and ETH showed significant price hikes.
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