Ethereum software upgrade activated; ether reverses losses, trades up

By Gertrude Chavez-Dreyfuss
FILE PHOTO Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture February 3 2018. REUTERSDado RuvicIllustration

FILE PHOTO: Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) -Ethereum, the second-largest blockchain network, went through a major software upgrade on Thursday, which is expected to stabilize transaction fees and reduce supply of the ether token.

After initially trading lower going into the upgrade, ether regained momentum, last up 2.6% at $2,796..

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