Ethereum’s slump is squeezing companies that hold it on their balance sheets, even as BitMine stock holds up better than peers. At the same time, ETH has slipped into a “fair value” support zone on the weekly chart, where analysts say the next move could decide whether the downturn deepens.
BitMine holds up as Ethereum treasury stocks extend losses
Ethereum treasury companies are sliding, while BitMine remains the main outlier on the chart. Analyst Ted, highlighted that several listed firms holding Ethereum have seen their share prices drop in recent months, reflecting pressure from the broader ETH downturn.
In contrast, BitMine’s stock has held up better than peers. According to Ted, that relative strength lines up with the company’s steady Ethereum purchases, as it continues to add to its holdings while others trade lower.
Ethereum Treasury Stocks Slide BitMine Holds Up: Source: TedPillows
However, he warned that this support may not last if ETH fails to recover. Ted said that if the Ethereum price stays weak, BitMine’s consistent buying could eventually slow as its “buying power” is exhausted, leaving the stock more exposed to the same downtrend facing other treasury names.
Ethereum dips into fair-value zone as chart tests key Fibonacci support
Ethereum has moved into what analyst Crypto Rover calls its “fair value zone,” as the token trades near a major Fibonacci support level on the weekly chart. The latest pullback places ETH around the 0.618 retracement area, a region that has repeatedly acted as a mid-cycle pivot in previous market phases.
Ethereum Fair Value Zone. Source: CryptoRover
The chart shows ETH retreating from resistance near $4,875, which lines up with the 1.0 Fibonacci extension. As price slid lower, it returned to the $3,350–$3,450 band, a zone that marks the 0.618 retracement from the previous rally. This level has served as a structural support base over the past two years, reinforcing its significance on long-term timeframes.
Crypto Rover noted that any deeper decline would shift ETH from fair-value pricing into undervalued territory. The weekly chart includes higher extension targets between $6,300 and $9,900, but those projections depend on holding the current support cluster. As ETH consolidates above this range, traders track whether the level can stabilize momentum or if selling pressure pushes price toward lower retracement markers.