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- FG Nexus sold 11,000 ETH ($33M) to repurchase 8% of shares at $3.45, below its $3.94 NAV, pushing ETH to $2,860. - DATs managing $42.7B in crypto assets face steep NAV discounts, forcing ETH sell-offs to prop up equity valuations. - FG Nexus CEO Kyle Cerminara stated the buyback strategy aims to strengthen balance sheets, but critics warn it risks accelerating ETH’s price erosion. - Ethereum’s 50/100/200-day EMAs remain descending, RSI near oversold 26, with analysts warning a $2,850 break could push ETH