ETH/USD Daily neutral with a bullish bias. *Equities and crypto have reinitiated a correlation in today's session as they both rallied on news of China reopening. Aside from that I don't see too much else being bullish with a lag in further supply chain disruptions, the Fed beginning its balance sheet reduction tomorrow and committing to a whatever it takes monetary policy to ring in inflation, a potentially higher CPI number due June 10th and oil prices due to rise as the EU prepares for life without Russian oil.* Recommended ratio: 55% ETH, 45% Cash. Price is currently testing the upper trendline of the Bull Flag from 05/12/22 ($1975) while simultaneously testing $1941 resistance (if it closes above it today it will flip to support). Volume remains moderate and is on track to break a three day streak of buyer dominance if it closes today in the red; Price is currently trading in the third largest supply/demand zone. Parabolic SAR flips bullish at $2407, this margin is mildly bullish. RSI is currently trending down slightly at 42.17, the next support is at 36.91 and the next resistance is at 55.31 (which would coincide with the descending trendline from February 2020). Stochastic remains bullish and is currently testing 80.69 resistance. MACD remains bullish after breaking out of the downtrend from 04/04/22 and is currently trending up slightly at -170.81; the next resistance is at -90.80. ADX is currently trending down at 45.70 as Price is surging, this is mildly bullish. If Price is able to establish support at $1941, the next likely target is a test of the 50/50 uptrend line from February 2017 at $2140. However, if Price breaks down here and falls back into the Bull Flag, it could potentially retest $1711 minor support. Mental Stop Loss: (two consecutive closes below) $1925.