Ethereum breaks new ATH in Japan and Korea, reaching 639,455 yen and surpassing the previous record of 632,954 yen, dating from December 17, 2024. A similar event took place in South Korea, where $ETH reached 5,971,000 won, beating the previous record of 5.9M won from December 2021. The sudden surge is unlikely to be the effect of the changing exchange rate, which is known to influence the crypto market, because both the yen and the won appreciated against the US dollar. Normally, this would suggest that crypto prices should go down, except the Japanese and the South Korean markets experienced…
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