Ethereum's market performance continues to disappoint investors as the cryptocurrency faces significant declines. Over the past 24 hours, Ethereum has dropped 10.23% against the US Dollar, underperforming the broader crypto market, which saw a 9.18% decrease. The ETH/BTC pair also fell by 2.28%.

In the last month, Ethereum has seen a staggering 32.80% decline, with a year-on-year decrease of 39.06%. The market sentiment remains bearish, with the Fear & Greed index at 16, indicating extreme fear among investors. Despite a predicted short-term rise of 12.32%, the overall outlook remains pessimistic, with 91% of indicators signaling a negative forecast.