ETH Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Cryptos are enjoying a technical relief rally that is still ongoing even though Binance didn't buy $2b of Bitcoin this weekend, the bulls are saying bottom but I think it's a bit premature with JPow due to testify before Congress on Wednesday (06/22) and PMI due on Thursday (06/23).* Price is currently defending $1k and beginning to form a U-shaped bottom in attempt to reclaim support of the descending channel from October 2021 at ~$1300; because Price only briefly touched $889 and never formally tested $775 support, it may see a corrective bounce here before heading lower. Additionally, Price hasn't tested the uptrend line from February 2017 (currently at ~$360) since July 2020. Volume is Moderate and on track to favor sellers if it can close today's session in the red (making the spread fairly balanced over the past week, indicative of consolidation). Parabolic SAR flips bullish at $1231. RSI is currently trending sideways at 28 as it attempts to reclaim support of the uptrend line from 01/22/22 at 26.50. Stochastic remains bullish for a second consecutive session and is currently trending up at 30 as it is still technically testing 22.98 resistance. MACD is currently forming a trough and trending up slightly at -252 as it aims to break above -227 to cross over bullish; the next resistance is at -197.34. ADX is currently trending up slightly at 52 and is beginning to form a soft peak as Price is bouncing here; this is neutral at the moment but would be bullish if ADX began to trend down as Price continued up. If Price is able to continue up then it will likely test the lower trendline of the descending channel at ~$1300 as resistance. However, if Price breaks 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) $1300.