$ETH has formed a key bearish inflection point near $2,686.25. The intraday trading range is $2,668.78–$2,728.89, with volume of $662.8K. Next, watch the validity of the $2,728.89 resistance and the $2,668.78 support, as well as the flow of institutional funds. Risk: if downside momentum continues, be alert to oversold rebounds and position management.