Ethereum (ETH) has been making waves in Asia, recently hitting new all-time highs in Japan and South Korea.
On August 10, ETH reached ¥639,455 in Japan and ₩5.97 million in South Korea, surpassing the previous peaks set in late 2021.
While ETH’s value in USD is currently hovering around $4,257, it’s still a ways from its global record of $4,891.
But this surge is more than just currency fluctuations—it’s a clear sign of strong regional demand, supported by institutional interest and growing market confidence.
A Surge Fueled by Institutional and Corporate Interest
The growing demand for Ethereum in Asia isn’t just driven by retail traders. Institutional interest is also playing a key role.
Bitmine Immersion Technologies, a company listed in the U.S., has accumulated over $2.9 billion worth of ETH, with plans to corner as much as 5% of the total supply.
This aggressive accumulation strategy is a sign that big players are confident in ETH’s long-term value.
At the same time, Ethereum Futures Open Interest has recently hit $51.61 billion, reflecting the increased interest in leveraged positions.
The steady rise in Futures Open Interest, combined with ETH’s price surge, indicates that many traders are betting on further upside, amplifying the price action.
Technical Strength Shows Promise
From a technical perspective, Ethereum is showing strong momentum. It’s trading above its 9-day and 21-day simple moving averages (SMAs), indicating a healthy uptrend.
The Relative Strength Index (RSI) is sitting around 73, which reflects strong buying interest but also suggests that ETH is approaching overbought conditions.
However, if ETH can maintain its momentum and hold above the key support level of $4,200, the next major resistance level will likely be $4,500.
If ETH can break through this, it could be in store for another breakout, potentially reaching new all-time highs.
Social Media Buzz: Growing Interest in Ethereum
Another factor contributing to ETH’s recent rise is the growing buzz on social media.
As Ethereum’s price climbs, more discussions are taking place online, increasing its visibility and attracting more retail investors.
Social Dominance for Ethereum has been rising steadily, which often signals that more people are paying attention to the asset.
This growing online chatter is backed by solid on-chain data and technical strength, suggesting that this rally isn’t just driven by social hype but by strong fundamentals.
Ethereum’s prospects seem to be improving with each passing day, and its recent breakout could just be the start of a much larger move.
What’s Next for Ethereum?
As Ethereum continues to break records in Asia, it’s clear that demand for the second-largest cryptocurrency is growing.
With strong institutional interest, positive technical indicators, and increasing social media buzz, ETH is on track for a potential breakout towards $4,500—and beyond.
The real question now is: Can ETH break through the $4,500 resistance level and reach new highs?
If the bullish trend continues, Ethereum could soon make another run at its global all-time high of $4,891.
For now, Ethereum’s momentum looks strong, and investors will be watching closely to see how high it can go.
Frequently Asked Questions (FAQ)
Why is Ethereum breaking records in Japan and South Korea?
Ethereum’s record-breaking price in Japan and South Korea is a sign of strong regional demand, fueled by institutional and corporate interest. This demand goes beyond simple currency fluctuations, signaling deeper market confidence in ETH’s future.
How are institutional investors impacting Ethereum’s price?
Institutional investors, such as Bitmine Immersion Technologies, have been accumulating ETH at a rapid pace. With over $2.9 billion in ETH, institutional buying pressure is a key factor contributing to Ethereum’s price surge and long-term growth prospects.
What are the technical indicators for Ethereum right now?
Ethereum is trading above its 9-day and 21-day SMAs, indicating a healthy uptrend. The RSI is currently at 73, which suggests strong momentum, but also hints that ETH could soon approach overbought conditions. A key support level at $4,200 and resistance at $4,500 will be crucial for the next move.
Can Ethereum break through $4,500 and reach new highs?
If Ethereum can maintain its momentum and break through the $4,500 resistance level, it could be on track for another run at new all-time highs. The combination of institutional interest, technical strength, and social media buzz suggests that Ethereum is in a strong position to reach new highs soon.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: August 11, 2025 • 🕓 Last updated: August 11, 2025
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