iShares Ethereum Trust ET... (ETHA)

ETHA trades at $34.26, 7.1% above the near-term max pain of $32 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$33), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ETHA shows a downward trend from 33 to 5, indicating bearish sentiment or hedging activity. The 102% spread signals divergent expectations across timeframes. Most levels below 34.26 may cap rallies. Strong magnetic level at 30 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.