Tom Lee Warns Ethereum Faces Spillover Selling From South Korean Stock Rout

Ethereum traded near $2,500 after Fundstrat co-founder Tom Lee warned that a sharp downturn in South Korean equities could trigger forced crypto liquidations to cover margin calls. The alert followed a 6.08% drop in South Korea's KOSPI index on October 13, driven by steep semiconductor declines that activated trading curbs. Downside pressure on Ether has been compounded by sustained institutional redemptions, with U.S. spot Ethereum ETFs recording $542 million in weekly net outflows and an additional $85.4 million on October 12, as the asset briefly touched an intraday low of $2,411.