ETH/USD Daily Neutral Bearish

ETH/USD Daily neutral with a bearish bias. Bounce Watch + weak Head and Shoulders formation from March 2021 playing out. Recommended ratio: 45% ETH, 55% cash. Price is currently testing the 50/50 uptrend line from February 2017 ($2100) as resistance after bouncing from $1941 support. Volume is low and has been shrinking for three consecutive sessions while favoring buyers; this shrinkage paired with the Bear Flag being formed by Price after the bounce from $1941 is mildly bearish. Parabolic SAR flips bullish at $2172, this is bullish in the short term. RSI is currently trending up at 34.92 after bouncing from the uptrend line from 01/22/22 (25.64) and is on the verge of testing 36.91 resistance. Stochastic remains bullish for a third session and is currently trending up at 33 as it is still technically testing 23 resistance. MACD remains bearish and is trending up slightly at -245 as it approaches a bullish crossover (would need to cross -203). ADX is currently trending up slightly at 45 as it appears to be forming a peak while Price is attempting to reclaim support at the 50/50 trendline; this is currently neutral. If Price is able to close above $2100 for a second consecutive session, then it will imply that the 50/50 uptrend line from February 2017 is still intact and would support a move to retest $2408 minor resistance. However, if Price breaks back down here, then it will likely retest $1941 support before potentially making a move lower. Mental Stop Loss: (one more close above) $2125.

*Sunday Scaries watch... Sundays and Mondays are notorious for Bull Trap set ups, so please be vigilant!*
**This is a critical support for both Ethereum and Bitcoin... if Ethereum loses $2000, it will likely visit $1400 and potentially lower... and if Bitcoin loses $30k, it will likely visit $20k and potentially lower**