Undervalued or a Bubble? Ethereum’s Fate Through the Rainbow Chart
As Ethereum (ETH) attempts a rebound by reclaiming the $2,000 level after a recent steep decline, the “Ethereum Rainbow Chart” is drawing investor attention by presenting an expected price range toward the end of this month. The chart applies Ethereum’s historical price data to a logarithmic growth curve and displays future values across color-coded sentiment bands, making it a useful indicator for projecting multiple scenarios based on prevailing market conditions.
According to the cryptocurrency-focused outlet Finbold on February 8 (local time), the rainbow chart projects that by February 28, 2026, Ethereum’s price could range from as low as $1,011 to as high as $22,767 depending on market conditions. Ethereum is currently trading around $2,009 and sits in the “Accumulate” zone on the chart. This band spans from $1,872.50 to $2,616.41 and has historically been regarded as an attractive entry range for long-term investment.
The uppermost level, labeled “Maximum Bubble Territory,” is set between $15,999.66 and $22,766.71, signaling extreme speculative overheating and a high risk of correction. The tier just below, the “Flippening possible” zone, ranges from $7,723.72 to $11,209.24 and represents levels Ethereum could reach during periods of strong rallies when it dominates the market.
The mid-range “HODL!” zone spans from $5,327.93 to $7,723.72 and is associated with sustained uptrends in which long-term holders maintain strong conviction. Below that, the “Steady…” band ranges from $3,706.51 to $5,327.93, indicating gradual growth aligned with long-term adoption trends. The “Still cheap” zone, from $2,616.41 to $3,706.51, suggests undervaluation relative to the historical growth curve.
The lowest tiers include the “Undervalued” zone from $1,362.90 to $1,872.50 and the “Fire Sale” zone from $1,011.34 to $1,362.90, price levels typically seen during market capitulation. With the current price in the $2,000 range, Ethereum remains within the “Accumulate” zone, leaving open the possibility of movement either upward or downward depending on future market dynamics.
If Ethereum follows the rainbow chart’s historical median trajectory, it could move into the “Steady” or “HODL” zones by the end of February, ranging between $4,000 and $6,000. However, stronger-than-expected adoption, increased network activity, or the onset of a new bull market could propel prices higher, while prolonged market weakness could keep Ethereum near the lower bands, underscoring the need for cautious investor approaches.
Disclaimer: This article is for investment reference only, and no responsibility is assumed for investment losses based on this content. The information should be interpreted solely for informational purposes.
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