ETHUSD Daily neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. *Cryptos and equities took a beating today as the markets are deciding whether the Federal Reserve is going to engineer a soft landing or hard landing and whether or not a 3.5% EOY target for Federal Funds Rate is enough. Global inflation numbers continue printing higher and prompting monetary-policy-driven demand slowdowns. China is slowly beginning to lift lockdowns with dine-in at restaurants in Shanghai set to resume on 06/29 and Disneyland set to reopen on 06/30. The third and final Q1 GDP estimate (US) is scheduled to report tomorrow (06/29) at 830am (EST) and should give insight into how much the economy is likely to slow in Q2. Core PCE Price Index is also scheduled for release at 12:30 (EST) on 06/30, which (combined with CPI due on 830am (EST) 07/13) should help markets gauge whether a 75bp or more rate hike is on the table come 07/27.* Price is currently testing the short-term uptrend line from 06/18 at ~$1150 as support after being rejected by the lower trendline of the descending channel from October 2021 (~$1300) as resistance. Volume remains Moderate (low) and is currently on track to favor sellers for a third consecutive session; the odds of a shrinkage breakout/breakdown are weakening along with the structure of the pattern but it still remains a possibility in the near term. Parabolic SAR flips bearish at $986, this margin is mildly bearish. RSI is currently testing 36.91 support after forming a soft peak at 40. Stochastic crossed over bearish in today's session and is currently trending down at 87 as it quickly approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -161 as it is beginning to show signs of a soft peak formation; it is still technically testing -197 resistance, if it can break above this level then the next resistance would be at -90. ADX is currently trending down at 47.50 is finding resistance as it pushes higher, this is mildly bullish at the moment. If Price is able to bounce off of the short-term uptrend line from 06/18 at ~$1150 then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1300. However, if Price breaks below the short-term uptrend line, it will likely retest $1k as support before potentially falling to formally test $775.83 support. Mental Stop Loss: (two consecutive closes below) $1135.