🔴 BMNR is trading 4.8% down today as Ethereum's plunge triggers $6.8B in treasury losses

BMNR is trading at $21.29 (-4.77%) as a sharp decline in Ethereum impacts the company's crypto-heavy treasury.

• Ethereum has plunged 5.74% since yesterday's close, resulting in estimated paper losses of $6.8 billion for BitMine.
• The decline aligns with a broader crypto selloff, including a 2.28% drop in Bitcoin and negative Chaikin Money Flow signals.
• Bearish technical patterns currently project a potential 30% downside risk for the stock as momentum remains weak.