Daily digest / ETH / 2026-11-04 · this week
ETH · Wednesday 4 Nov 2026 (UTC) · close
$2,427.39 +150.3 (+6.60%)
2nd straight up day$19.8M liquidated

Asian-session rally, closes near the highs

A steady start gave way at 03:15 UTC and ETH climbed $207 to $2,445. Put writers added the most fresh OI at $2,300 (+6,284 ETH). Call writers built positions at $2,500–$2,700, led by $2,600 (+4,576 ETH). Max pain moved from $2,280 to $2,300, following price up.

Spot Max pain PCR 15-min · UTC
Open$2,280
High · 15:18$2,449
Low · 03:09$2,232
Avg PCR0.55
Max pain$2,300
Liquidations$19.8M

Key levels for the next session

$2,600 Fresh calls +4,576 ETH cap
$2,500 Call wall · 66,035 ETH OI · Fresh calls +3,448 ETH resistance
$2,427.39 Close ●
$2,400 Fresh puts +4,170 ETH support
$2,300 Max pain · Fresh puts +6,284 ETH magnet
$2,200 Put wall · 39,324 ETH OI floor

Where writers added today

$2,600
+4,576 ETH
$2,500
+3,448 ETH
$2,700
+3,437 ETH
$2,300
+6,284 ETH
$2,400
+4,170 ETH
$2,350
+2,944 ETH
■ calls   ■ puts · OI change from the first snapshot to the close, strikes near spot

Move vs what options priced

Next-day ATM straddle at open · IV 60.5%$67
Session range$217
One session moved 3.3× the next-day straddle's full priced move.

Last 6 sessions

10-30 $2,245 —
PCR 0.54
MP $2,260 10-31 $2,257 +11
PCR 0.54
MP $2,260 11-01 $2,278 +21
PCR 0.53
MP $2,260 11-02 $2,255 -23
PCR 0.54
MP $2,280 11-03 $2,277 +22
PCR 0.55
MP $2,280 11-04 $2,427 +150
PCR 0.55
MP $2,300

Max pain: strike where option buyers lose most at expiry. Fresh OI: positions opened this session. PCR: put OI ÷ call OI.

Descriptive summaries of recorded option-chain data. Not trading signals or advice. Disclaimer →

Related reading

Max pain today →

Live aggregate max pain lander.

PCR today →

Current put-call ratio snapshot.

BTC vs index options →

How crypto expiry and settlement differ.

All ETH sessions · BTC hub · Live terminal →