What happened
Written from the data, not opinion.
Options positioning puts the call wall at 2,350 and the put wall at 2,300. 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 perpetualFinal
Ethereum on Monday, 26 October 2026
ETH closed down 0.22 % on the day, trading between 2,292 and 2,344. The high came at 15:20 UTC and the low at 03:50 UTC.
CLOSE · 26 Oct 2026
2,323.4
▼ -0.22 % on the day
Low 2,292High 2,343.8
bid wall 2,289ask wall 2,331
– – open 2,328.6
00:0006:0012:0018:0024:00 UTC
Range522,292 – 2,344
Volume3,282,652ETH traded
Dealer regimeLong gammaHedging dampens moves
Wall events00 eaten · 0 pulled · 0 held
Levels around the price
±3.5 % around price · at the close
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
00:00–08:00 UTC
−0.48 %
No clean wall event in this session.
Short gamma · CW 2,320 · PW 2,300
London
08:00–13:30 UTC
−0.19 %
No clean wall event in this session.
Long gamma · CW 2,500 · PW 2,300
New York
13:30–20:00 UTC
+0.17 %
No clean wall event in this session.
Long gamma · CW 2,500 · PW 2,300
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, 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 | 2,350 from 2,500 |
| Put wall Strike with the most put gamma | 2,300 |
| Gamma flip Where total dealer gamma changes sign | 2,309 from 2,327 |
| Call wall 0DTE Expiring within 24 hours | 2,350 from 2,360 |
| Put wall 0DTE Expiring within 24 hours | 2,300 |
Resting liquidity at the close
Largest walls within 2.5 % of price.
Largest bids below
- 2,2896,267 ETH
- 2,2966,205 ETH
- 2,2905,271 ETH
Largest asks above
- 2,3314,878 ETH
- 2,3503,905 ETH
- 2,3263,629 ETH
Next options expiries
Bar = open interest; monthly and quarterly in orange.
Tue 27 Octdaily
107,371 ETH · 4.7 %
Fri 30 Octmonthly
536,838 ETH · 23.6 %
Fri 27 Novmonthly
239,219 ETH · 10.5 %
Fri 25 Decquarterly
766,618 ETH · 33.7 %
See 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 27 Oct 00:05 UTC.