📊 ETH Options Update

• ETH max pain is at $3,100

• Put/Call ratio: 0.45, meaning calls are much higher than puts

• Calls are more than 2× puts, showing traders are heavily bullish

⚠️ What this means

• When too many traders bet on calls, market makers usually slow the move

• Price often gets pulled toward max pain to hurt both sides

• With $3.8B in options, ETH may move sideways (chop)

⏳ Short-term outlook

• ETH likely to hover around $3,100

• Choppy price action expected until Friday expiry

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