QCP Capital: Ethereum options market calms down, ETH has strong support at $3,200 and $2,800

QCP Capital, a Singapore-based crypto investment firm, said in a post that as the end-of-quarter options expiration date approaches this Friday, the options market appears unusually calm, and the typical end-of-quarter volatility sell-off effect begins to emerge. Today, news shows that the ETH ETF is about to start trading: 1. VanEck has submitted Form 8-A, and it is worth noting that the same form for the Bitcoin ETF was submitted exactly 7 days before the issuance. 2. VanEck subsequently announced that no fees will be charged in the initial phase of its ETH ETF. In addition, the ETH options market, which expires in July, has not shown much enthusiasm so far. If there is a major breakthrough in the approval process, it may surprise the market. QCP Capital also pointed out that ETH shows strong support levels at $3,200 and $2,800, especially the $2,800 support level, which has not been touched for more than four months.