What happened
Written from the data, not opinion.
Options positioning puts the call wall at 2,370 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 Tuesday, 27 October 2026
ETH closed up 1.11 % on the day, trading between 2,296 and 2,364. The high came at 21:35 UTC and the low at 10:10 UTC.
CLOSE · 27 Oct 2026
2,349.3
▲ +1.11 % on the day
Low 2,296.3High 2,363.9
bid wall 2,346ask wall 2,380
– – open 2,323.5
00:0006:0012:0018:0024:00 UTC
Range682,296 – 2,364
Volume2,573,718ETH 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
−0.40 %
No clean wall event in this session.
Short gamma · CW 2,310 · PW 2,300
London
08:00–13:30 UTC
+0.48 %
No clean wall event in this session.
Long gamma · CW 2,500 · PW 2,300
New York
13:30–20:00 UTC
+0.95 %
No clean wall event in this session.
Long gamma · CW 2,370 · 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 | 2,370 from 2,350 |
| Put wall Strike with the most put gamma | 2,300 |
| Gamma flip Where total dealer gamma changes sign | 2,321 from 2,310 |
| Call wall 0DTE Expiring within 24 hours | 2,370 from 2,350 |
| Put wall 0DTE Expiring within 24 hours | 2,350 from 2,300 |
Resting liquidity at the close
Largest walls within 2.5 % of price.
Largest bids below
- 2,3463,329 ETH
- 2,3473,236 ETH
- 2,3203,013 ETH
Largest asks above
- 2,3805,179 ETH
- 2,3783,410 ETH
- 2,3542,979 ETH
Next options expiries
Bar = open interest; monthly and quarterly in orange.
Wed 28 Octdaily
102,734 ETH · 4.5 %
Fri 30 Octmonthly
545,104 ETH · 23.7 %
Fri 27 Novmonthly
244,027 ETH · 10.6 %
Fri 25 Decquarterly
771,513 ETH · 33.5 %
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 28 Oct 00:05 UTC.