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Ethereum Smashes Local Highs in Japan and South Korea – Could We See a Move to $4,500?
With Ethereum’s recent price surge in Japan and South Korea, the cryptocurrency has set fresh all-time highs in both countries. This significant milestone indicates that the asset is now poised for further growth.
In the last few days, ETH has been trading at unprecedented levels in these Asian nations, with local all-time highs being reached in both markets. The local high in Japan was recorded at ¥639,455, while a new record was also set in South Korea with ₩5.97 million.
This sudden and remarkable increase in Ethereum’s value is largely driven by institutional accumulation and rising leverage. It appears that the cryptocurrency has finally broken free from its previous resistance levels, paving the way for further growth.
While the asset has yet to reach a global all-time high of $4,891 set in November 2021, the current momentum suggests that it could potentially reach this level soon.
Source: ambcrypto.com
