ETHUSD Daily neutral with a bearish bias. Recommended ratio: 47% ETH, 53% Cash. *SUNDAY/MONDAY SCARIES. Cryptos are a mixed bag over the weekend with some rallying and others staying relatively flat, Ethereum did the latter. The bullish narrative is still dominated by speculation of peak inflation, abnormally low unemployment, and expectations of a dovish pivot by early 2023. Equity futures are lower to start the week with CPI and PPI due to report 08/10 and 08/11; if numbers come in lower or show a lesser increase than the month prior, markets will likely interpret that as bullish leading up to the next PCE numbers on 08/26 (before the FOMC meeting on 09/20-09/21). It's another big week for earnings with Palantir (08/08), Coinbase (08/09), and Disney (08/10) set to report. Palantir and Coinbase will give investors an idea of how growth stocks are faring in this bear market rally that is bringing Risk back into markets, while Disney will give a broader update on the health of the consumer. The Merge is still scheduled for launch on Mainnet 09/12/22. Key dates this week: PLTR earnings 08/08; COIN earnings 08/09; 4th US Q3 GDP estimate at 10am (EST) 08/10; CPI at 830am (EST) 08/10; Disney earnings 08/10; and PPI at 830am (EST) 08/11.* Price is currently testing $1711 minor resistance for a fourth consecutive session. Volume remains Moderate and fairly balanced between buyers and sellers, indicative of potential consolidation before moving higher. Parabolic SAR flips bearish at $1427 support, this margin is mildly bearish. RSI is currently trending sideways at 61 after breaking back down below the uptrend line from 06/18/22 at 62, the next support is the descending trendline from February 2020 (as support) at 55 support. Stochastic is currently crossing over bearish at 56, the next support is at 47. MACD remains (bearly*) bearish for a third consecutive session as it trends sideways at 86, the next support is at 28 while the next resistance is the upper trendline of the descending channel from August 2021 at ~131. ADX is currently trending down at 27 as Price is facing a lot of resistance in its attempt to push higher, this is neutral at the moment. If Price is able to breakout and close above $1711 minor resistance then the next likely target is $1941 resistance. However, if Price breaks down here then it will likely retest $1550 before potentially retesting $1427 support. Mental Stop Loss: (two consecutive closes above) $1711 minor resistance.