ETHUSD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *With Celsius and 3AC both crashing hard and on the verge of total collapse, the crypto market is continuing to take a barrage of bearish hits during a period of Fed QT and hawkish monetary policy.* Price is currently forming a Bearish Engulfing candle (at $1050) as it quickly approaches sub-$1000 prices; the next support is at $775.83. Volume is Moderate (high) and, if it closes today in the red, will have favored sellers in nine of the ten last sessions. Parabolic SAR flips bullish at $1550, this margin is mildly bullish. RSI was rejected by the uptrend line from 01/22/22 as resistance and is currently trending down at 20; the next support is the ATL at 17.42. Stochastic crossed over bullish at 3 in yesterday's session and is already on the verge of regressing to a bearish crossover at 3 in today's session; the next resistance is at 17.81. MACD remains bearish and is currently trending down at -237 with no signs of trough formation as it is slowly losing -197.34 support; the next support is the ATL at 318.82. ADX is currently trending up at 47 as Price continues to fall, this is bearish. If Price is able to bounce here it will have another opportunity to test the lower trendline of the descending channel from October 2021 at $1350 as resistance. However, if Price continues to break down here it will likely test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1350.