Ethereum is still in downtrend along with the overall market. Stoch RSI is at the bottom, MACD looking for a potential bullish crossover. We're also well below EMA 20 and 50 day RSI is also worn out.
How I will play this out: will enter a small position with tight SL, we are still in a downtrend but I think we can see a short-term bounce before an eventual breakout up or down.