There are only small fluctations in the price of most cryptocurrencies right now, when I think of recovery I think of a coin being on its way to return to its all time high. Under those criteria, I cannot say that Ethereum is recovering, it is simply not doing as bad as it previously was, which is very different from recovering. For example, would you say an alcoholic is recovering if he switches from 10 glasses of wine to just 9 per day? Probably not.