Ethereum News Today: Ethereum Hits ¥639,455 in Japan on Surge in Institutional Buying

Ethereum (ETH) is approaching new all-time highs in local markets across Japan and South Korea, driven by a surge in institutional buying and strong regional demand [1]. On August 10, 2025, the price of ETH reached ¥639,455 in Japan and ₩5.97 million in South Korea, surpassing the previous peaks set in late 2021 [1]. In U.S. dollar terms, the token traded near $4,257, still below its November 2021 global high of $4,891 [1]. The price action highlights a growing appetite for Ethereum in Asia, fueled by corporate accumulation and increased participation from large investors.

Notably, U.S.-listed Bitmine Immersion Technologies has amassed over $2.9 billion in ETH and is actively aiming to acquire up to 5% of the total Ethereum supply [1]. This aggressive accumulation strategy underscores a broader shift toward institutional confidence in the cryptocurrency’s long-term value and utility. The firm’s positioning suggests a strategic bet on Ethereum’s role in evolving financial infrastructure and its potential in retirement investment products [1].

The surge in ETH has also been amplified by rising activity in derivative markets, which tend to amplify price movements when combined with strong spot demand [1]. In tandem, the broader altcoin market has seen improved sentiment, partly driven by the U.S. Securities and Exchange Commission’s (SEC) recent softening in its stance toward Ripple and XRP [1]. This regulatory shift has provided a tailwind to the entire sector, encouraging further institutional and retail participation.

From a technical perspective, Ethereum remains in a strong uptrend, trading above both its 9-day and 21-day simple moving averages [1]. The Relative Strength Index (RSI) is currently at 73, signaling robust momentum but also hinting that the asset may be entering an overbought territory [1]. While ETH is approximately 12% below its global all-time high, the current price structure suggests the potential for a breakout if the bullish trend consolidates above $4,200 [1]. The next key resistance level lies at $4,500, with further gains possible if the asset maintains its upward trajectory.

The broader cryptocurrency market has also seen significant growth. As of August 11, 2025, the total crypto market cap reached $4.11 trillion, with Ethereum holding a 12.54% share [4]. This growth reflects a broader institutionalization trend across the digital asset space, with Ethereum playing a central role in the adoption narrative [4].

Market participants remain cautious, however. Analysts highlight conflicting pressures from large ETH holders, with some locking in profits above $4,300 while others continue to accumulate [2]. This duality suggests a market in transition, where strategic positioning is shaping near-term outcomes. While the overall sentiment is bullish, volatility remains a factor as investors navigate a landscape of shifting demand and regulatory uncertainty [2].

In conclusion, Ethereum’s recent performance reflects strong demand driven by institutional interest and regional market dynamics. As ETH approaches key resistance levels, the outlook remains optimistic, with the potential for further gains in the near future [1]. The evolving narrative around Ethereum’s utility, combined with macroeconomic tailwinds and institutional adoption, positions the asset for continued growth, provided the market maintains its current momentum.

Source:

[1] E27.co - [https://e27.co/ether-soars-past-us4300-gold-hits-us3400-is-a-new-duty-rule-about-to-crash-the-market-20250811/](https://e27.co/ether-soars-past-us4300-gold-hits-us3400-is-a-new-duty-rule-about-to-crash-the-market-20250811/)

[2] Mitrade - [https://www.mitrade.com/au/insights/news/live-news/article-3-1028374-20250811](https://www.mitrade.com/au/insights/news/live-news/article-3-1028374-20250811)

[4] InteractiveCrypto - [https://www.interactivecrypto.com/figmas-21-billion-stock-crashwhy-it-matters-to-crypto-investors](https://www.interactivecrypto.com/figmas-21-billion-stock-crashwhy-it-matters-to-crypto-investors)