Ethereum Price Surges, but Market Sentiment Remains Bearish

Ethereum's recent price surge has been notable, with the cryptocurrency increasing by 3.64% in the last 24 hours to reach $2,131.21.

The current market sentiment for Ethereum is bearish, with most technical indicators pointing towards a negative prediction.

A key indicator of this bearish sentiment is the Fear & Greed index, which currently reads Extreme Fear at 12.