The China Internet ETF, KWEB, has seen increased investor activity and price movement, with reports indicating it has surpassed its '25 Value Area'. On January 28, KWEB was noted to have broken above this key level, prompting bullish sentiment among investors. Recent trading activity has included significant options trading, with 15,000 May $33 calls purchased and 22,500 $40 calls sold. The ETF has also experienced a rise in price, moving from $1.04 to $1.37 within a short period. Investors are expressing optimism about the Chinese market, with several mentioning plans to increase their positions in KWEB and related stocks, including Alibaba (BABA) and Pinduoduo (PDD). The overall market sentiment appears to be influenced by upcoming Federal Open Market Committee (FOMC) meetings, with many traders anticipating a positive shift in the China theme.