Crypto Market Update: Ethereum Resilient, Bitcoin Dips Below $30K

Coinbase has said that the price of Ether (ETH) has been resilient following the Shanghai Fork upgrade of the Ethereum blockchain, which allows validators to withdraw staked Ether and rewards that have been locked up. The upgrade has supported better than expected Ether price action, which Coinbase says could continue through the end of April. Ether's relative underperformance versus Bitcoin year-to-date has left a lot of room for catchup post the Shanghai upgrade, and Coinbase has seen some rotation from Bitcoin into Ether.