Eth Dats Have A Problem: Ether’s Crash Below $3k Vaporized A Year’s...

Ether treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 may further complicate matters.

Ether treasury companies are sitting on millions of dollars of unrealized losses, raising concerns about their sustainability.

Ether treasury companies trading below NAVs signal eroding confidence, potentially pressuring ETH price further.

An ETH price fractal hints at $2,500 as the 200-week moving average becomes the last line of defense.

Ether (ETH) fell 30% over the past 30 days, dropping below $3,000 to a four-month low of $2,806 on Thursday. Technical indicators and institutional demand are leaning bearish, increasing the odds of a further correction below $2,500.

ETH price is facing a four-week losing streak as a bearish fractal from 2022 hints a a deeper correction for the altcoin. A market fractal is a repetitive pattern that allows traders to identify trend reversals in the charts. Ether is currently painting a bearish fractal setup, initially observed in 2022.

Related: ETH falls into ‘buy zone,’ but volatility-averse traders take a wait-and-see approach

The chart below illustrates that the pattern consists of a sharp drop from its 2021 all-time high at $4,800, with the price bottoming around the 200-week SMA.

The same scenario is playing out in 2025, with the price having dropped 41% from its current all-time high of $4,955 reached in August. This suggests that a deeper correction is in the cards with the 200-week SMA at $2,450 being the last line of defense for bulls.

Meanwhile, Ether’s super trend indicator has sent a “sell” signal on its weekly chart, an occurrence that last led to a 66% drop in price when it occurred in March 2025.

Source: CoinTelegraph