$ETH near 2,646.71 forms a key bearish turning point. The intraday range is 2,636.46–2,721.54, with trading volume of 951.1 thousand USD. Next, watch the validity of 2,721.54 resistance and 2,636.46 support, as well as the flow of institutional funds. Risk: if bearish momentum continues, be cautious of oversold bounces and position management.