Slaven Bilic's side suffered a shock defeat away at Watford at the end of October before drawing 1-1 with Everton, losing 4-1 away to rivals Tottenham Hotspur and recording yet another home draw last time out 1-1 with West Bromich Albion.
The Hammers' form coincides with injuries to key players Diafra Sakho, Dimitri Payet and Enner Valencia and is a far cry from their flying start to life under the former Croatia manager.
It has left many pondering what the future holds for the East Londoners after such a promising start.
And Etherington, who was forced to retire from football last year due to ongoing injury problems, believes they will finish around eighth place.
Responding to a fan on Twitter who asked him where he thought Bilic's side would end up, Etherington said: "About where they are now mate."
Etherington's matter of fact answer shows he still keeps a close eye on his old club.
The winger had a number of good seasons at West Ham under Alan Pardew and is now trying to carve out a new career as a football pundit.
The Truro-born winger scored 16 goals in 165 games - including an FA Cup final - for the Hammers.
Former Hammer hits nail on the head according to fans
Etherington is not alone in thinking the Hammers will finish eighth either.
Around where they are now mate. https://t.co/DGtql5OqTj— Matthew Etherington (@mattyethers) December 1, 2015
With a third of the season complete Jack Sullivan, the son of the club's co-owner David, asked his Twitter followers where they think Bilic's side will finish come May.
In a Twitter poll, Sullivan asked: "Where do you think West Ham will finish?"
The poll was broken up into three sections, 1st to 6th, 7th to 12th and 12th to 20th and a total of 2,418 people voted.
And the results prove Hammers fans are remaining realistic about their prospects with 81% thinking they will finish between 7th and 12th place.
Some are still hopeful they can better their current position with 11% voting 1st to 6th place. The remaining 8% believed they would drop down the table and finish between 13th and 20th.