Ethereum nears key $2300-$2400 test amid rising Korean demand and deposit activity.

Ethereum is approaching a critical price zone between $2300 and $2400, which has repeatedly resisted breakouts in recent weeks. A sharp rise in the Korean Premium Index signals increased demand from Asian traders willing to pay above global averages, while a fourfold surge in Ethereum 2.0 deposits suggests heightened on-chain activity. This combination points to growing interest but also potential sell-side pressure as some holders may be preparing to sell at this resistance level. The market's next move depends on whether buying momentum can overcome this supply zone to trigger a breakout or face another rejection.