I voted for the bottom being in, not because I think it is, but there was not really an option for going a bit lower and probably not but maybe breaking 1K, and otherwise getting close (maybe 1.2/1.3). I've otherwise been scaling into this one, based on the USD and BTC pricing which are both at enormous discounts. I still think an altcoin rally is overdue, even if short lived. At least the last times Ethereum was this oversold on longer-term timeframes it signaled the bottom (even if also a slow recovery), so I don't see this time as being any different.
I'd love to think the bottom is actually in after all the selling, but it still looks 50/50 whether it goes a bit deeper imo.