Ethereum Pain to Ease Off? June 24th Expiry Offers Hope
Is the long Ethereum downtrend finally coming to an end? Investors are closely watching the June 24th options expiry, which is 10 days from today, for a potential shift in market sentiment. For many, the question is: After 12 weeks of pain, what’s next for the Ethereum price?
Recent market data paints a mixed picture. As reported, Ethereum\'s $471.79 million in options are expiring, involving 183,821 contracts – a slight decrease from last week. The monthly expiry could be the key to unlocking a new phase for ETH.
Understanding Max Pain and Ethereum\'s Price
The concept of "max pain" is crucial in options trading. BTC\'s $7.24 billion options show a 0.73 put-to-call ratio with max pain at $86,000, while ETH\'s $808 million contracts face max pain at $1,900. Discover how max pain points influence crypto prices and where ETH might be headed.
Currently, some analysis suggests that "more pain lies ahead for Ethereum." This perspective emphasizes that if selling continues and address activity doesn’t improve, the market pressure could persist. The $5B in Bitcoin and Ethereum options expire today, impacting market volatility and liquidity, so expect increased turbulence short-term. The max pain point is a key level to watch.
Long-Term Sentiment and Future Outlook
Despite short-term volatility, the long-term sentiment around Ethereum remains generally positive. It is interesting to note that "For the first time in 2025, Ethereum (ETH) will close the month in the green. The last time this happened was back in November 2025, when renewed crypto enthusiasm followed..." This provides a potential longer-term positive scenario.
While we are not in 2025, these historical patterns suggest the potential for significant recovery. However, immediate focus is on the June 24th expiry. Several options expiries are lined up over the next few days, but the monthly expiry is the biggest one on 24 June. Will it signal a reversal? Stay tuned for updates and analysis as we approach the expiry date. Uncover Ethereum price forecast as ETH drops to $2,100 after a 12-week downtrend & potential catalysts that might lead to recovery.