$ETH has formed a key bullish turning point near 2,699.23 USD. The intraday range is 2,678.00–2,707.06, with trading volume of 198.3 thousand USD. Next, watch the effectiveness of the 2,707.06 resistance and the 2,678.00 support, as well as where institutional capital is flowing. Risk: if upside momentum continues, be alert to an overbought pullback and position management.