ETHUSD Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Ethereum continues to flirt with $1k which is a major psychological level and the last support before potentially experiencing another 20% drawdown. The Merge is now live on Sepolia testnet which is the second of three public testnets, after the most recent difficulty bomb was delayed core developers are now speculating that the Merge should be ready for launch on the mainnet by mid-October.* Price remains hovering at $1068 for a third consecutive session and has been testing $1k for eighteen consecutive sessions now. Volume is Low and currently favoring buyers after breaking a six session streak of seller dominance. Parabolic SAR flips bullish at $1275, this margin is neutral at the moment. RSI formed a trough at 32 and is currently trending up at 33.50 as it approaches a retest of 36.91 resistance. Stochastic remains bearish and is currently trending down at 58 with no signs of trough formation, the next support is at 46.76. MACD is currently trending up slightly at -147 after resisting a soft-peak formation and is still technically testing -197 support; the next resistance is at -90. ADX is trending sideways at 47 as Price continues to test $1k, this is neutral at the moment; if ADX starts to come down as Price goes up, this would be mildly bullish, whereas if ADX keeps going up as Price comes down it would be bearish. If Price is able to defend $1k then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1240 as resistance. However, if Price breaks down and closes below $1k, it will likely test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1250.