Ethereum is trading around $2,500 as Tom Lee, chairman of Bitmine Immersion Technologies, warns that South Korea’s equity rout could spill into the crypto market. The KOSPI fell more than 6% on October 13 during a technology-led selloff, with emergency trading controls reportedly activated. Lee identified margin liquidations at Korean brokerages as the transmission channel: investors facing equity margin calls may sell liquid assets such as Ether to raise cash. Support sits near $2,400; below it, the $2,350-$2,360 zone is the next area to watch. Weekly U.S. spot Ether ETF outflows reached approximately $542.1 million.
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