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17.04.2026 02:25 PM
Korean cryptocurrency renaissance: altcoins as growth driver

Meanwhile, as Bitcoin and Ethereum briefly hit weekly highs and then faced a notable sell-off, South Korea has firmly established itself as a global center of crypto activity, capturing an impressive share — roughly 30% of worldwide trading volume. It is notable that the lion's share of that activity falls not on the dominant Bitcoin or Ethereum, but on altcoins. This phenomenon signals heightened interest by Korean investors in more volatile and potentially higher-return digital assets, and it reflects a developed ecosystem that supports altcoin trading.

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For a fuller picture, compare South Korea with another major Asian market — Japan. The entire month's trading activity on Japan's crypto market, measured in yen, amounts to only $2–3 billion. By contrast, South Korea averages $26 billion in weekly trading. This colossal gap underscores the dynamism and scale of the South Korean crypto market and its significant influence on global digital asset trends.

This situation places South Korea in a unique position. Altcoin dominance on that market may indicate investor sophistication and depth, as well as strong local platforms and an active pipeline of new projects. That combination of factors creates a favorable environment for further growth and innovation in cryptocurrencies, where altcoins play a leading role and even outshine more established tokens.

Recently the market has frequently talked about an approaching altcoin season, which only fuels local crypto traders' and investors' interest in this class of digital assets.

Trading recommendations:

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Regarding Bitcoin's technical picture, buyers now target a return to $76 500, which opens a direct road to $78 400, and from there the market would be within reach of $80 100. The most distant target stands at the high near $83 100, and a breach of that level would signal attempts to restore a bull market. In case of a Bitcoin decline, I expect buyers at $75 000. A return of the instrument below that area could quickly push BTC toward $73 100. The furthest downside target would be the $71 400 area.

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Regarding Ethereum's technical picture, a clear hold above $2 382 opens a direct road to $2 475. The most distant target stands at the high near $2 585, and a breach of that level would indicate strengthening bullish sentiment and a return of buyer interest. In case of an Ether decline, I expect buyers at $2 308. A return of the instrument below that area could quickly push ETH toward $2 244. The furthest downside target would be the $2 162 area.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.

Summary
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Pavel Vlasov
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