Despite the recent crypto downside, Ethereum's recovery is still underway, with price holding near the $2000 level. Over 85% of ETH HODLers seem to be profitable at the current price level. Though there was a drop in large transactions last week, there was $193.39 Billion worth of large transactions on the Ethereum network. Even if the on-chain sentiment remains bearish, the inflow of investment in Ethereum makes it likely that the recovery will initiate soon.