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South Korea's stock crash sparks fears of more Ethereum selling pressure amid margin liquidations.

Market News
13 Oct 2026
Crypto news
View Source
Bearish
South Korea's stock crash sparks fears of more Ethereum selling pressure amid margin liquidations.

South Korea's KOSPI index plunged over 6% on October 13, 2026, triggering emergency trading controls and raising concerns about forced stock sales among leveraged investors. Fundstrat co-founder Tom Lee warned this selloff could spill over into cryptocurrency markets, especially Ethereum, due to South Korea's high crypto participation and potential margin liquidations by brokerages. Ethereum's price hovered near $2,530, showing weakening momentum with key support around $2,400 and resistance near $2,600. While BitMine increased its Ethereum holdings, technical indicators suggest short-term selling pressure may continue, though a major rally remains possible if resistance levels are broken.

Ethereum price risk is noted alongside a broad cryptocurrency selloff on Pluang. Of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include VET at Rp133 with a 1-day change of -6.36%, KSM at Rp86.306 with -5.57%, and NEO at Rp43.883 with -5.12%. This data is as of Oct 13, 2026 15:21 WIB.

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