(ETHW)
Max Pain By Strike
ETHW trades at $31.05, 15.0% above the near-term max pain of $27 expiring Sep 19, 2025 (14 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$32), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ETHW shows a downward trend from 32 to 15, indicating bearish sentiment or hedging activity. The 74% spread signals divergent expectations across timeframes. Most levels below 31.05 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 27 | -4.05 (-13.04%) |
| Oct 17, 2025 | 18 | -13.05 (-42.03%) |
| Jan 16, 2026 | 15 | -16.05 (-51.69%) |
| Apr 17, 2026 | 32 | 0.95 (3.06%) |