---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43616531.md"
description: "This chart shows the power-law distribution of BMNR and ETH tracked since August '25.As seen above, there is a clear gap for ETH between 2.4k and 2.8k. Below 2.4k, both upside and downside ranges contract significantly, corresponding to the compression of BMNR's premium when ETH fell into the 1.5k-2.4k range over the past six months; above 2.8k, these ranges expand, implying greater volatility for BMNR vs. ETH, thus opening up upside potential for mNAV.The sharp drop in ETH in February '26 created a vacuum zone between 2.4k and 2.8k. Chips in this range haven't undergone sufficient turnover, meaning there's little resistance here. A breakout could lead to a rapid surge to 2.8k, at which point BMNR's mNAV also has the opportunity to expand significantly.The key observation level for ETH is the breakout of 2.8k.$BitMine Immersion Tech(BMNR.US)"
datetime: "2026-08-27T02:27:06.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43616531.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43616531.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43616531.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
generator: "portal-rs"
---

# This chart shows the power-law distribution of BMN…


### Related Stocks

- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [BMNP.US](https://longbridge.com/en/quote/BMNP.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**