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We have seen some bigger intraday recovery in the Crypto market, but nothing serious yet. Crypto total market cap chart is still in the projected resistance and it still has only a corrective recovery after a sharp drop, so bears could be still here, especially if we see another sharp intraday decline back below 1.7T level.

ETHUSD is in sideways consolidation in the 4-hour chart, which more and more looks like a bearish triangle pattern in wave 4, so it's still bearish according to larger degree A-B-C flat correction, which will ideally retest June 2021 lows and 1700 support level for the final wave 5 of C before it finds the bottom.

Ethereum 4h Elliott Wave Analysis