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Ethereum Price Prediction: Tom Lee Warns of ETH Drawdown After Kospi Bloodbath

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Ethereum is buying and selling on the $2,500 stage as Tom Lee warns that Korea’s fairness rout might spill into crypto, a bearish value prediction. The instant query is whether or not compelled promoting can push ETH beneath $2,400, or whether or not that stage can comprise the harm. A pointy KOSPI drop is the set off; ETF flows and leverage decide how far the shock travels.

South Korea’s KOSPI fell greater than 6% on October 13 in a technology-led selloff, with emergency buying and selling controls reportedly activated. Lee, chairman of Bitmine Immersion Technologies, recognized margin liquidations at Korean brokerages as a transmission channel: traders going through fairness margin calls could promote liquid belongings corresponding to Ether to lift money.

ETH not too long ago probed the $2,400 space earlier than recovering towards $2,500, however the rebound has not cleared the broader strain from leverage liquidations and uneven ETF demand. The value response now issues greater than the warning alone: can help maintain if Korean volatility persists?

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Ethereum Price Prediction: Can ETH Reclaim $2,600 This Week?

ETH is definitely holding regular at $2,500, with a 24-hour vary of $2,495–$2,520. The broader current vary was wider, from $2,410 to $2,560, displaying how rapidly the market examined decrease bids earlier than stabilizing.

Support sits close to $2,400; beneath it, $2,350–$2,360 is the following zone to observe. Resistance spans roughly $2,546–$2,600, with $2,666 a extra significant restoration threshold. The setup stays fragile after a breakdown from larger ranges. A seven-day mannequin estimate close to $2,504, with a projected vary of $2,353–$2,666, provides little directional conviction.

Ethereum (ETH)
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If $2,400 holds, ETF flows stabilize, and ETH might reclaim $2,600. Or value consolidates round $2,500 whereas merchants await macro knowledge and clearer movement indicators, however renewed Korean fairness stress or persistent liquidations might break $2,400 and expose $2,350. The threat just isn’t summary: weekly U.S. spot Ether ETF outflows had been reported at roughly $542.1 million.

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If ETH loses $2,400, holders could face one other spherical of compelled de-risking; even a maintain wouldn’t erase the weak spot in momentum. That makes the excellence between a tactical bounce and a confirmed restoration necessary. Rotating consideration towards early-stage infrastructure could enchantment to merchants in search of a distinct threat profile.

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