$ETH Today's ETH market exhibits characteristics of an intensification of contention between bulls and bears:

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

Risk factors: Upgrade delays, pressure from option expirations, uncertainty in macroeconomic data.

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