What happened
Written from the data, not opinion.
Options positioning puts the call wall at 2,500 and the put wall at 2,400. Dealers are estimated to be long gamma, where dealer hedging tends to dampen moves.
Live now: ETH levels today, walls, GEX and max pain →
Daily market structure ETHUSDT perpetualUpdating hourly
Ethereum on Friday, 23 October 2026
London session: ETH fell 0.36 % (range 2,390–2,413). ETH is up 0.44 % so far today, trading between 2,377 and 2,417. The high came at 14:00 UTC and the low at 14:15 UTC.
LIVE · ETHUSDT perpetual
2,398.6
▲ +0.44 % today
Low 2,377.0High 2,417.3
bid wall 2,390ask wall 2,414
– – open 2,388.1
00:0006:0012:0018:0024:00 UTC
Funding / 8 h+0.0053 %
longs pay · +5.8 % a year
Open interest3,713,656 ETH-1.2 % in 24 h · $8.90B
Next expiry12h 24m
max pain 2,400
Sat 24 Oct 08:00 UTC · 84,040 ETHEthereum right now
Updated 23 Oct 2026, 19:35 UTC · refreshed every 5 minutes · descriptive data, not advice
- Ethereum (ETHUSDT perpetual on Binance) is at 2,395.9 USD, +0.3 % since 00:00 UTC. Today's range so far: 2,377.0 to 2,417.3.
- Largest resting orders within 3 % of price: bid wall at 2,390 (12,152 ETH) and ask wall at 2,430 (6,738 ETH). All levels
- Options levels (estimated, all expiries): call wall 2,500, put wall 2,400, gamma flip 2,374.2.
- Liquidations in the last 24 hours on Binance, OKX and Bybit: $11.2M of longs and $7.1M of shorts. Liquidations · heatmap
- Funding is +0.0053 % per 8 hours (longs pay shorts), and open interest is 3,713,656 ETH ($8.90B) on Binance, Bybit and OKX. Funding and open interest
- Next options expiry: Sat 24 Oct 08:00 UTC, max pain 2,400; next monthly expiry 30 Oct, max pain 2,500. Max pain for every expiry
Levels around the price
±3.5 % around price · live, refreshed every 5 minutes
bid wallsask wallscall/put wall0DTEmax pain
The day on one line
Sessions
Asia, London and New York, each summed up when it closes. Times follow local opening hours.
Asia
00:00–07:00 UTC
+0.86 %
- EatenAsk wall 2,419 at 03:51 Open in Depth →
Long gamma · CW 2,400 · PW 2,400
London
07:00–13:30 UTC
−0.36 %
No clean wall event in this session.
Long gamma · CW 2,500 · PW 2,400
New York
13:30–20:00 UTC
−0.06 %
Wall events are measured when the session closes.
Liquidity wall events
Classified from every trade at the wall's own price, not from candles. What is a liquidity wall?
| Event | Wall | Time |
|---|---|---|
| No clean wall event today. A wall only counts when the trades at its own price prove what happened. | ||
Options positioning
Deribit, OKX and Bybit open interest, latest snapshot.
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 | 2,500 from 2,400 |
| Put wall Strike with the most put gamma | 2,400 |
| Gamma flip Where total dealer gamma changes sign | 2,375 from 2,393 |
| Call wall 0DTE Expiring within 24 hours | 2,400 |
| Put wall 0DTE Expiring within 24 hours | 2,400 |
Resting liquidity now
Largest walls within 2.5 % of price.
Largest bids below
- 2,3908114 ETH
- 2,3803647 ETH
- 2,3553620 ETH
Largest asks above
- 2,4143236 ETH
- 2,4252836 ETH
- 2,4272807 ETH
Next options expiries
Bar = open interest; monthly and quarterly in orange.
Sat 24 Octdaily
84,040 ETH · 4.0 %
max pain 2,40012h 24mSun 25 Octdaily
37,967 ETH · 1.8 %
max pain 2,4001d 12hMon 26 Octdaily
46,204 ETH · 2.2 %
max pain 2,4202d 12hTue 27 Octdaily
4,730 ETH · 0.2 %
max pain 2,3803d 12hFri 30 Octmonthly
500,844 ETH · 23.8 %
max pain 2,5006d 12hFri 06 Novweekly
58,587 ETH · 2.8 %
max pain 2,45013d 12hSee every wall form and disappear, live.The same data as this report, second by second, free in your browser.
Open DepthMethod. 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 23 Oct 19:06 UTC.