ETH is currently hovering around 3865. Tomorrow's SEC review of the VanEck spot ETF is a key point—there's a 58% chance it will pass, and if it does, it could rise by 10%-15%. However, it might be worth trying a short position in the short term.

On the policy front, the CFTC has stated that ETH is a commodity, which is a good thing in the long run; on the ecological side, the Pectra upgrade is happening quickly, and Arbitrum is also performing well—these are all long-term supports.

In terms of operations, short around 3875, first look for 3815, and if it breaks that, then look for 3755. Remember to manage risk well; after all, there are considerable variables with the SEC situation, so don't be too aggressive. #ETH