South Korean retail keeps buying ether hoarder BitMine despite 80% drop: Report

BitMine's pivot towards building an Ether treasury has sparked interest among South Korean retailers, despite the significant 80% drop in Ether prices. This transformation has drawn attention from higher-risk investors looking for opportunities in this volatile market. While the price of Ether remains suppressed, the commitment from retail investors suggests a strong desire to capitalize on potential rebounds. The shift to accumulating Ether has resulted in increased trading volumes associated with BitMine, indicating that even in adverse conditions, investors are willing to engage. However, the lack of clear technical levels makes short-term forecasts challenging, and vigilance will be necessary as market conditions develop.