ETHUSD Daily neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. *Financial markets continue to attempt to digest the possibility of a global recession as Cryptos and Equities trend higher with hopes of establishing a local bottom. The insolvency crisis facing crypto lenders and investment funds continues as Voyager Digital followed in the footsteps of 3AC (who filed for bankruptcy last week) and filed for bankruptcy today. On the other hand, Celsius is managing to stay operational (and solvent?) by paying down $183m in collateralized debt to Maker which in turn brings their BTC loan liquidation price to $2700. It's still too premature to call a bottom and therefore good to still be vigilant.* Price is currently trending up at $1160 as it slowly approaches a retest of the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance. Volume remains Moderate and is currently on track to favor buyers in today's session after favoring sellers in yesterday's. Parabolic SAR flips bullish at $1250, this is mildly bullish. RSI is currently trending up at 43 after bouncing at 40 and avoiding a retest of 37 support; the next resistance is at 55 which would coincide with the descending trendline from February 2020. Stochastic remains bullish and is currently testing max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently trending up at -105 as it approaches a test of -91 resistance. ADX is currently trending down at 44 as Price is pushing higher, this is mildly bullish at the moment. If Price is able to continue pushing higher here then it will likely retest the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance. However, if Price breaks down here it will likely retest $1k psychological support before potentially testing $776 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1k.