The post Ethereum Price Eyes $6,650 as South Korean Retail Investors Pour $6B into ETH appeared first on Coinpedia Fintech News
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.
Strategic ETH Holdings Show Scale
Supporting Mow’s claim, data from the Strategic ETH Reserve shows that 68 firms collectively control 5.66 million ETH, or roughly 4.7% of the total supply.
Major players include BitMine and SharpLink, giving these companies significant influence over Ethereum’s market dynamics.
Bullish Catalysts for Ethereum in the Upcoming months
Beyond retail support, Ethereum’s ecosystem continues to evolve. In an exclusive Token 2049 conversation, Ethereum co-founder and ConsenSys CEO Joe Lubin highlighted structural developments that are strengthening ETH.
Regulators, including the SEC, are unintentionally supporting Ethereum by pushing initiatives like stablecoins, real-world assets (RWAs), and Project Crypto, which aims to integrate blockchain into the financial system.
However, projects like Swift Ledger, built by ConsenSys and endorsed by banks, plus DTCC’s tokenized collateral chain and Nasdaq’s tokenized equities initiative, are paving the way for Ethereum to become a backbone of modern finance.
ETH Price Eyeing $6650
Ethereum is moving closer to its all-time highs around $4,900, and the latest breakout is giving traders new hope. According to crypto analyst Crypto Jelle, points out that ETH has broken out of a daily bullish flag pattern, a move that often signals further gains ahead.
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.