Ethereum is currently trading at $1,587.26, down 3.26% in the last 24 hours, underperforming the cryptocurrency market, which has seen a 3.33% decrease in total market cap. The medium-term trend for Ethereum is bearish, with a 15.28% drop in the last three months. However, the long-term picture remains positive, with a 19.73% price change over the past year.

Our Ethereum price prediction expects the coin to reach $1,757.01 by October 14, 2023, a 9.64% increase in the next five days. However, the overall sentiment for Ethereum is bearish, with 97% of indicators favoring a negative prediction.

The Fear & Greed index is currently neutral at 50, signaling that investors have a neutral outlook on the market. Ethereum is trading above both the 50-day and 200-day Simple Moving Averages, suggesting bullish signals. However, the cryptocurrency markets are unpredictable, and even the largest crypto assets display significant price volatility.