6-17 Ethereum Outlook: 1H

Yesterday, I determined that Ethereum is currently experiencing channel oscillation, and I have repeatedly pointed out that the bearish liquidity on the left side has been swept, indicating a short entry point.

Since this is a channel oscillation, both the upper and lower edges are good entry points. However, after taking profit on the short position in the morning, I went to sleep and missed the rebound after the morning test of the lower edge of the channel.

Currently, the rebound strength is not significant, so we need to be cautious when testing the lower edge again. The first time, it is okay to place limit orders on the left side; the second time, it is better to act on the right side. Once it touches again without breaking and shows a long signal, we can enter directly, placing the stop loss below the channel break. The risk-reward ratio is still quite favorable.