(ETHD)

ETHD trades at $3.65, 21.7% above the near-term max pain of $3 expiring Sep 19, 2025 (15 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$5), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ETHD shows a downward trend from 5 to 3, indicating bearish sentiment or hedging activity. The 53% spread signals divergent expectations across timeframes. Levels distributed around 3.65. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.