$ETH Today's ETH market shows characteristics of intensified bull-bear contention:

Positive factors: Institutional accumulation (BTCS financing), deepening staking yield models, expansion of Layer 2 ecosystem;

Risk factors: Upgrade delays, options expiration pressure, macro data uncertainty.

Investors are advised to pay attention to the breakout direction in the $2,450-$2,620 range, control positions (recommended ≤50%) and prioritize spot allocation. If ETH can rely on the $2,500 support to complete the chip turnover, it is still expected to challenge the previous high driven by institutional funds and ecosystem upgrades.