Ethereum Classic (ETC) has experienced a significant downturn, dropping 8.53% against the US Dollar in the last 24 hours. This decline is more pronounced compared to the overall cryptocurrency market, which saw a 4.62% decrease. Despite a recent 26.08% gain over the past month, the current market sentiment remains neutral, with the Fear & Greed index indicating extreme greed at 78. Technical indicators reveal a bearish trend, with ETC trading below both the 50-day and 200-day Simple Moving Averages. Investors should remain cautious as the market's unpredictability continues to pose challenges.