An Ether cryptocurrency coin in seen in this photo illustration.
Jaap Arriens | Nurphoto | Getty Images
The price of ether fell Thursday after the Ethereum network completed its migration to the proof-of-stake consensus mechanism, also known as the “merge.”
Ether lost 6.5% to trade at $1,484.55, according to Coin Metrics. Traders had expected to see a decline in the price following the transition late Wednesday night.