ETH DAT encountered an issue: The price of Ether fell below $3,000, wiping out all profits for the year.

Ether (ETH) fell sharply by 30% in the last 30 days, dropping below the 3,000 USD threshold for the first time and bottoming out at the lowest level in four months at 2,806 USD. Technical indicators along with the decline in demand from institutions are leaning towards a negative trend, increasing the likelihood that ETH will continue to adjust deeply below the 2,500 USD mark.

Ether price repeats the fractal pattern of 2022

Currently, ETH is experiencing a series of four consecutive weeks of fall, amid a bearish fractal pattern that previously appeared in 2022 is re-emerging and signaling the risk of a deeper correction for this altcoin. In technical analysis, market fractals are repeating patterns that help investors identify trend reversal points on the chart. Ether is forming a bearish fractal setup similar to the phase in 2022.

The chart below shows that this pattern starts with a sharp decline from the historical peak of 2021 at 4,800 USD, then the price bottoms out around the 200-week moving average (200-week SMA).

This scenario is repeating in 2025, when the price of ETH has fallen 41% from the current all-time high of 4,955 USD set in August. This indicates that the risk of a deeper correction still exists, with the 200-week SMA at 2,450 USD serving as the last support level for the bulls.

Weekly chart ETH/USD | Source: TradingViewIn addition, the super trend indicator( of Ether has signaled “sell” on the weekly chart – an event that previously led to a price drop of 66% in March 2025.

Similarly, in January 2022, this signal also led to a price fall of up to 82%, with the bottom out price lying just below the 200-week SMA line, as illustrated in the chart.

![Ether price falls below $3,000])https://img-cdn.gateio.im/webp-social/moments-a80b5beee1c80f144651a81d37dd1f23.webp(Weekly chart ETH/USD | Source: TradingViewIf history repeats itself, ETH may face a deeper correction, bottoming out at around $2,500, due to declining demand from institutions and weak on-chain activity.

Ethereum treasury companies face heavy losses

The sharp fall of Ether has caused the average value of companies holding ETH reserves to turn negative, resulting in millions of dollars in paper losses.

According to data from Capriole Investments, these companies are recording negative yields of 25% to 48% on the amount of ETH held. The top 10 DAT companies are all incurring losses over the weekly and daily time frames, as shown in the chart.

![Ether price falls below $3,000])https://img-cdn.gateio.im/webp-social/moments-aef06d96afe007d0066e6e65f7a78b31.webp(Performance of ETH fund management companies | Source: Capriole InvestmentsBitMine Immersion Technologies – the entity holding 3.56 million ETH )equivalent to 2.94% of total circulating supply( – has recorded a yield of -28% in the last 7 days and -45% in the last 30 days.

Currently, BitMine is losing about 1,000 USD on each ETH purchased, which means the total unrealized loss amounts to 3.7 billion USD on all ETH holdings.

Companies like SharpLink, The Ether Machine, and Galaxy Digital are also facing losses of millions of USD, falling between 50% to 80% from their peak level this year.

Data from Capriole Investments also shows that the market value to net asset value ratio )mNAV( – an indicator assessing the valuation of digital asset treasuries – of most of these companies has fallen below 1, indicating that their fundraising capabilities have been severely impacted.

In addition, according to StrategicETHreserve.xyz, the total amount of strategic reserve ETH and ETF has fallen by 280.414 ETH since November 11.

![Ether price falls below 3,000 USD])https://img-cdn.gateio.im/webp-social/moments-3383bbdddf89193d909472f1593d86bd.webp(ETH treasury and reserve fund holding ETF | Source: StrategicETHreserve.xyzAs reported by Coinphoton, global trading products, including spot Ether ETFs in the US, have recorded the largest outflow of funds in a week since February, reinforcing the ongoing declining trend in institutional demand for ETH.

Mr. Teacher