Ethereum relatively resilient amid altcoin weakness… Fear index at 'Extreme Fear'

As the cryptoasset (cryptocurrency) market continues a broad-based correction, observers say Ethereum (ETH) appears to be limiting its downside relative to the rest of the market.

According to crypto-focused outlet Coindoo on the 24th, total crypto market capitalization fell 3.05% over the past 24 hours to $2.19 trillion. The Fear & Greed Index, a gauge of investor sentiment, came in at 11, remaining in the 'Extreme Fear' zone.

The Altcoin Season Index stood at 33 out of 100. This suggests Bitcoin has been relatively resilient versus major altcoins, a pattern often seen when risk-off sentiment intensifies.

Ethereum was trading around $1,829, down more than 8% over the past week. Still, its decline has been relatively limited compared with major altcoins.

XRP fell more than 10% on the week to $1.32, while Solana slid about 11% to $76.59. Bitcoin Cash plunged about 14%, posting the biggest drop among major tokens. Cardano and Dogecoin also fell in the 9%–10% range, while Binance Coin (BNB) eased about 6%.

In the market, some interpret the recent drop in market cap alongside rising trading volume not as mere sidelining, but as part of a deleveraging process. With investor sentiment severely depressed, whether Bitcoin can hold its price is being cited as a key factor shaping near-term market direction.