Daily market structure ETHUSDT perpetualFinal

Ethereum on Tuesday, 20 October 2026

ETH closed up 1.69 % on the day, trading between 2,371 and 2,478. The high came at 14:55 UTC and the low at 01:05 UTC.

CLOSE · 20 Oct 2026
2,447.8
▲ +1.69 % on the day
Low 2,370.7High 2,477.7
bid wall 2,413ask wall 2,490
– – open 2,407.0
00:0006:0012:0018:0024:00 UTC
Range1072,371 – 2,478
Volume3,453,366ETH traded
Dealer regimeLong gammaHedging dampens moves
Wall events10 eaten · 1 pulled · 0 held

Levels around the price

±3.5 % around price · at the close

2,3752,4002,4252,4502,4752,5002,5252,413 · 3,075 ETH2,405 · 2,724 ETH2,490 · 4,170 ETH2,480 · 3,490 ETHCall wall 2,440 (-0.3 %)Call wall 0DTE 2,440 (-0.3 %)Put wall 0DTE 2,440 (-0.3 %)Put wall 2,400 (-2.0 %)Gamma flip 2,385.5 (-2.5 %)2,447.8
2,3752,4002,4252,4502,4752,5002,5252,413 · 3,0752,405 · 2,7242,490 · 4,1702,480 · 3,490CW 2,440CW 0DTE 2,440PW 0DTE 2,440PW 2,400Flip 2,385.52,447.8
bid wallsask wallscall/put wall0DTEmax pain

The day on one line

Asia-0.41 %London-0.28 %New York+1.94 %Pulled bid 2,422.100:0003:0006:0009:0012:0015:0018:0021:0024:00
Asia-0.41 %London-0.28 %New York+1.94 %Pulled bid 2,422.100:0006:0012:0018:0024:00

Sessions

Asia, London and New York, each summed up when it closes. Times follow local opening hours.

Asia
00:00–07:00 UTC
Closed
−0.41 %
2,371 – 2,417  ·  range 46
high 04:20 UTC  ·  low 01:05 UTC  ·  757,240 ETH
No clean wall event in this session.
Long gamma  ·  CW 2,600  ·  PW 2,400
London
07:00–13:30 UTC
Closed
−0.28 %
2,376 – 2,403  ·  range 27
high 12:45 UTC  ·  low 09:50 UTC  ·  592,705 ETH
No clean wall event in this session.
Long gamma  ·  CW 2,600  ·  PW 2,400
ETH order book heatmap, London session, 20 Oct 2026
New York
13:30–20:00 UTC
Closed
+1.94 %
2,383 – 2,478  ·  range 95
high 14:55 UTC  ·  low 13:30 UTC  ·  1,794,772 ETH
Long gamma  ·  CW 2,440  ·  PW 2,400
ETH order book heatmap, New York session, 20 Oct 2026
ETH order book heatmap for 20 Oct 2026 with price, options walls and the day's liquidity wall events
Asks (resting sell liquidity)Bids (resting buy liquidity) Call / put wall0DTE wallsGamma flip

What happened

Written from the data, not opinion.

Options positioning puts the call wall at 2,440 and the put wall at 2,400. Dealers are estimated to be long gamma, where dealer hedging tends to dampen moves.

At 19:30 UTC a 7038 ETH bid wall at 2,422 was pulled before price reached it.

Liquidity wall events

Classified from every trade at the wall's own price, not from candles. What is a liquidity wall?

EventWallTime
PulledBid wall 2,422
7038 ETH wall, 7038 ETH removed in 4.2 s, almost nothing traded
Open in Depth →
19:30 UTC

Options positioning

Deribit, OKX and Bybit open interest, end of day.

Estimated: dealers long gamma

Under the usual sign assumption, dealers buy dips and sell rallies to stay hedged, which tends to calm the market around big strikes.

Call wall
Strike with the most call gamma
2,440 from 2,600
Put wall
Strike with the most put gamma
2,400
Gamma flip
Where total dealer gamma changes sign
2,386 from 2,341
Call wall 0DTE
Expiring within 24 hours
2,440
Put wall 0DTE
Expiring within 24 hours
2,440

Resting liquidity at the close

Largest walls within 2.5 % of price.

Largest bids below

  • 2,4133075 ETH
  • 2,4052724 ETH
  • 2,4122518 ETH

Largest asks above

  • 2,4904170 ETH
  • 2,4803490 ETH
  • 2,4923452 ETH

Next options expiries

Bar = open interest; monthly and quarterly in orange.

Wed 21 Octdaily
129,433 ETH · 5.7 %
Fri 23 Octweekly
150,936 ETH · 6.6 %
Fri 30 Octmonthly
483,723 ETH · 21.3 %
Fri 27 Novmonthly
201,320 ETH · 8.8 %

See every wall form and disappear, live.The same data as this report, second by second, free in your browser.

Open Depth
21 Oct →

Also in Português · Español

Method. Price, volume and order book from Binance USDⓈ-M ETHUSDT. Option levels use open interest from Deribit, OKX and Bybit with the common assumption that dealers are long calls and short puts; it is an estimate, not measured positioning. A wall is "held" when trades hit it and price turned, "pulled" when it vanished within seconds with almost nothing traded, "eaten" when most of it was traded away. Times are UTC. Updated 21 Oct 00:05 UTC.