The Average Daily RSI in the market has come down a lot but recovered slightly on this bounce. The average of ~34 is pretty low and summarizes the charts pretty well, which are mostly just bleeding lower. You can clearly see that the left side of the chart, which houses the large caps, is trading higher on average. Which makes sense as BTC & Large caps have been the strongest performers the past few weeks/months. A catalyst is needed for the mid/small caps to make moves. I still believe the momentum has to be led by ETH for most of these coins to start moving. So as long as that doesn't happen, alts remain weak.