Ethereum's Price Fluctuations Continue Amidst Bearish Sentiment

Ethereum's recent price movements have been notable, experiencing a significant gain in the last month but still struggling to surpass its all-time high. The cryptocurrency has displayed a positive trend, gaining 9.91% in the past 30 days.

However, despite this growth, Ethereum is still trading below its previous peak of $4,946.50 on August 24, 2025, which represents a decline of 12.70%. This indicates that the market sentiment remains bearish, with investors displaying extreme fear and caution when it comes to cryptocurrency investments.

The current Fear & Greed index is at 23 (Extreme Fear), suggesting that investors are highly cautious about the market. Despite this, technical indicators such as moving averages and oscillators offer mixed signals, with some pointing towards a bullish trend while others indicate a bearish outlook.