ETHUSD Daily neutral with a bearish bias. Recommended ratio: 48% ETH, 52% Cash. *SUPER SHORT-TERM BEARISH. Cryptos are currently seeing the Sunday/Monday scaries and it could translate into an overall bearish week if economic data (FFR hike, Consumer Confidence, GDP, and PCE) surprises higher and/or earnings from Alphabet, Amazon, Apple, Meta and Microsoft surprise lower. However, DXY is trending down as well and if it sustains more downward pressure it could help alleviate the aforementioned potentially bearish situation. Regardless of short term noise, the current estimated Merge date is 09/12/2022 and provides a bullish backdrop to Price action over the next month or so.* Price is currently trending down as it approaches its first test of $1427 support. Volume remains Moderate (low) and is currently on track to break a two session streak of buyer dominance if it can close today's session in the red. Parabolic SAR flips bearish at $1336, this margin is mildly bearish. RSI is currently trending down at 59 as it approaches a test of a triple support: the uptrend line from 06/18/22, the descending trendline from February 2020 and 55 support; this area should provide a lot of support. Stochastic remains bearish and is currently trending down at 88 as it approaches a test of 81 support. MACD is currently forming a soft peak as it trends sideways at 86, the next resistance is the upper trendline of the descending channel from August 2021 at ~156 resistance; it's also still technically testing 28 support. ADX is beginning to trend down at 30 as Price sees selling pressure, this is mildly bullish at the moment because it indicates that there is a momentum shift. If Price is able to bounce here then it will likely face a bit of resistance at ~$1600 before potentially testing $1711 resistance for the first time since breaking below it on 06/10/22. However, if Price continues to break down here, it will likely test $1427 support for the first time since breaking above it on 07/18/22. Mental Stop Loss: (one close above) $1611.