Ethereum (ETH) GEX — week of 25–31 May 2026

Gamma flip, P1 and N1 from each daily snapshot (08:00 UTC), all expirations

Above the flip
2 of 7days in positive gamma
Flip range
2,008 – 2,149
Spot, week
-6.4%2,114 → 1,978

ETH was above the gamma flip on 2 of 7 days and below it on 5. The flip ranged from 2,008 to 2,149. Spot went from 2,114 to 1,978 (-6.4%) by the next week's first snapshot. The median next-day move was 1.5% after positive-gamma days and 0.9% after negative-gamma days. The largest next-day move, -4.5%, followed the 27 May snapshot (negative gamma).

1,978 2,024 2,070 2,116 2,162 Mon 25 Tue 26 Wed 27 Thu 28 Fri 29 Sat 30 Sun 31
Spot Gamma flip · dots: positive / negative gamma

Daily snapshots

SnapshotSpotGamma flipSpot vs flipP1N1RegimeNext day
25 May 08:02 UTC 2,114 2,134 -0.9% 2,500 2,100 Negative -0.9%
26 May 08:02 UTC 2,095 2,149 -2.5% 2,500 2,100 Negative -0.5%
27 May 08:02 UTC 2,085 2,149 -3.1% 2,500 2,100 Negative -4.5%
28 May 08:02 UTC 1,991 2,119 -6.5% 2,500 2,000 Negative +1.0%
29 May 08:02 UTC 2,010 2,036 -1.3% 2,500 1,900 Negative +0.2%
30 May 07:47 UTC 2,014 2,008 +0.3% 2,025 2,000 Positive +0.6%
31 May 08:02 UTC 2,026 2,025 +0.0% 2,200 2,000 Positive -2.3%

"Spot vs flip": how far spot sat above (+) or below (−) the flip. "Next day": spot change to the next daily snapshot. P1 / N1: the strikes with the largest positive and negative gamma. How the levels are computed: methodology.

ETH gamma exposure today

Today's flip, P1, N1 and max pain are on the ETH GEX page. In the app the levels update every 15 minutes, and the Time Machine replays any past moment.

Open ETH in GammaFlip →

Levels as published on each day from that day's options open interest; venue coverage has grown over time. Educational information, not investment advice.