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Nearly $6B from Korean retail investors is currently supporting Ethereum’s surprising market strength.
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Around 68 firms hold 5.66 million ETH, controlling nearly 4.7% total supply.
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Analyst notes that ethereum breakout from a daily bullish flag sets sights on a $6,650 price target.
Ethereum dominance is growing strong against Bitcoin, and recent data suggests that South Korean retail investors are playing a key role in keeping the price strong. Samson Mow, CEO of JAN3, revealed that nearly $6 billion from Korean retail capital is tied up in Ethereum treasuries, acting as the primary support behind the ETH’s surge.
South Korean Retail Investors Driving ETH Price
In a recent tweet post Mow revealed that much of Ethereum’s recent strength isn’t driven by whales or institutions, but by everyday Korean investors, known as seohak gaemie—who are pouring billions into ETH.
To capitalize on this wave, Ethereum influencerare even flying to South Korea to connect with these retail investors, underlining just how important this market has become.
Further Mow reveals that many of these buyers are chasing the next big crypto strategy without fully understanding technical charts.
If Ethereum pushes beyond these levels, it could unlock new record prices and boost market confidence. The breakout sets the stage for the next big target at $6,650.
