According to Wu, QCP Capital recently published a forecast that the options market may see a decline in volatility on Friday, the upcoming end-of-quarter options expiration date. At the same time, market rumors say that VanEck's Ethereum ETF trading is about to start, and if there is substantial progress in the approval process, it may surprise the market. VanEck has submitted Form 8-A and announced that the initial stage of its ETH ETF will be free of charge. In addition, ETH has shown strong support at the 3,200 and 2,800 levels, the latter of which has not been touched for more than four months.