(ETHW)
Max Pain By Strike
ETHW trades at $32.72, 30.9% above the near-term max pain of $25 expiring Sep 19, 2025 (22 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($13-$25), 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 25 to 13, indicating bearish sentiment or hedging activity. The 63% spread signals divergent expectations across timeframes. Most levels below 32.72 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 | 25 | -7.72 (-23.59%) |
| Oct 17, 2025 | 18 | -14.72 (-44.99%) |
| Jan 16, 2026 | 13 | -19.72 (-60.27%) |
| Apr 17, 2026 | 20 | -12.72 (-38.88%) |