Analysts Say South Korean Retail Ethereum Treasuries May Be Propping Up Ethereum Amid Bitcoin Strength

Analysts say Ethereum’s market is currently sustained mainly by retail-driven accumulation—not institutional demand—centered on large “Ethereum treasuries” and concentrated inflows from South Korean retail investors, which provide short-term support but raise concerns about durability and valuation risk for ￰0￱ accumulation via corporate “ETH treasuries” is a primary near-term ￰1￱ is underperforming Bitcoin; ETH/BTC ratio and price range suggest limited institutional inflows. Data: ~5.49 million ETH held by ~67 firms (~4.5% of supply) per Strategic ETH Reserve ￰2￱ market drivers: retail-led ETH treasuries and regional inflows are keeping ETH afloat—read expert analysis and ￰3￱ is driving Ethereum’s market?

Ethereum’s market is currently driven by concentrated retail accumulation—not broad institutional ￰4￱ corporate-style ETH treasuries and promotional campaigns, particularly targeting South Korean retail, have created a demand narrative that supports prices despite a weaker ETH/BTC ratio and range-bound price ￰5￱ are South Korean retail investors and ETH treasuries affecting price action? Analysts point to a wave of South Korean retail investment flowing into firms that accumulate ETH on corporate balance ￰6￱ Mow estimated roughly $6 billion tied to these “Ethereum treasuries,” which emulate Bitcoin accumulation ￰7￱ ETH Reserve data shows about 67 firms hold approximately 5.49 million ETH, or ~4.5% of circulating ￰8￱ scale can prop up prices short term, but it concentrates risk if retail sentiment reverses. , "description": "Analysts attribute current Ethereum support to retail-led ETH treasuries and South Korean inflows, raising questions about sustainability amid weak ETH/BTC performance.", , "keywords": "Ethereum market, ETH treasuries, South Korean retail, ETH/BTC" , Why is ETH underperforming Bitcoin?

Ethereum underperformance stems from a slower influx of institutional demand and a declining ETH/BTC ￰9￱ data shows ETH down ~2% in 24 hours and ~5% ￰10￱ over the past month, indicating relative weakness despite narrative-driven ￰11￱ are analysts saying about the quality of accumulation? Industry voices express ￰12￱ Mow labeled the current support “retail-driven rather than institutional,” warning misplaced enthusiasm may trigger a ￰13￱ Kang of Mechanism Capital described many ETH treasury models as lacking financial rigor compared with Bitcoin-focused ￰14￱ compare the dynamic to past speculative cycles, noting promotional marketing and influencer-driven campaigns have amplified retail participation without clear long-term institutional ￰15￱ Asked Questions How much ETH do corporate treasuries hold?

Strategic ETH Reserve indicates ~67 firms hold about 5.49 million ETH, roughly 4.5% of total ￰16￱ concentration can materially influence price dynamics if accumulation or liquidation ￰17￱ the ETH treasury trend sustainable? Short-term sustainability depends on continued retail inflows and positive ￰18￱ a shift to broader institutional demand, analysts caution the trend is fragile and vulnerable to ￰19￱ technical range is ETH trading in now? Analysts report ETH trading in a wide range, with resistance near recent highs and support around major moving ￰20￱ expect ETH to remain between $1,000 and $4,800 absent a strong institutional ￰21￱ Takeaways Retail-led support : Corporate ETH treasuries and South Korean retail flows are primary near-term ￰22￱ risk : ~5.49M ETH held by ~67 firms equals ~4.5% of supply—this increases volatility ￰23￱ BTC performance : Continued Bitcoin outperformance could undermine the ETH treasury narrative and pressure ETH ￰24￱ Current evidence shows Ethereum’s market is buoyed more by concentrated retail accumulation and corporate-style ETH treasuries than by broad institutional ￰25￱ market strength will likely hinge on whether inflows diversify beyond retail and whether institutions provide sustained ￰26￱ supply concentration metrics and Bitcoin’s relative performance for early warning ￰27￱ note: Original reporting by Kosta Gushterov (Coindoo) summarized and analyzed for COINOTAG publication on 7 October 2025 at 12:00 UTC.