You should be cautiously optimistic. I wouldn't say we are in full recovery mode yet, but a lot of altcoins seem to be moving up even when bitcoin is doing just.. eh.
I do agree with the statement above. We must not loosen our guards when it comes to monitoring the trend of cryptocurrencies. We can never tell the assurance of their stability but atleast we can tell that the coins are doing their best to maintain their growth. We must keep on hoping and believing for the positive outcome.