Insights from the Ethereum (ETH) Rainbow Chart recommend that the second-largest cryptocurrency by market capitalization is more likely to achieve much more momentum on August 1st.
On the time of reporting, Ethereum had traded round $3,700, putting it throughout the “Steady…” zone of the chart.
The Rainbow Chart is a long-term valuation mannequin that makes use of log curves and coloration bands to clarify Ethereum's historic worth sentiment. This helps you measure whether or not your property are undervalued or overheated with out predicting short-term actions.
On August 1, 2025, the mannequin estimates that Ethereum can commerce between $4,752.48 and $6,901.15, which corresponds to “HODL!”. zone. Nonetheless, primarily based on Ethereum's present place and worth momentum, the property might stay within the “steady…” zone for the subsequent few days.
The bottom band on the chart is labelled “hearth” ($881.52 to $1,193.99), indicating an excessive underestimation. That is adopted by “undervaluation” ($1,193.99 to $1,649.69), adopted by “accumulation” ($1,649.69 to $2,148.10).
Above which might be “nonetheless low-cost” bands ($2,148.10 to $3,298.74). The following zone is “Steady…” ($3,298.74 to $4,752.48), with Ethereum presently sitting, exhibiting steady progress and diminished volatility.
The “Hoddle!” zone ranges from $4,752.48 to $6,901.15, with long-term holders normally strengthening their convictions. On prime of that, you'll see, “Is that this flipping?” ($6,901.15 to $10,038.05), marks the beginning of hypothesis and hype.
“However did we win that?” The highest band, “Most Bubble Territory,” ranges from $10,038.05 to $14,352.17, spans from $14,352.17 to $20,456.93, reflecting the vibrancy of the height.
Ethereum worth evaluation
On the time of reporting, Ethereum had grown 0.47% during the last 24 hours, buying and selling at $3,791. Within the weekly time-frame, property elevated by roughly 2.5%.
Ethereum's latest bullish rally seems to be concentrating on the $4,000 stage, however is supported by key technical metrics. The 50-day Easy Shifting Common (SMA) is $2,836.31 and the 200-day SMA is $2,404.22.
The present worth and each SMAS gaps present a sustained bullish development, with Ethereum properly above each the short-term and long-term averages.
Nonetheless, the 14-day relative energy index (RSI) is 80.01, which is a stage that signifies overbought circumstances. This doesn’t essentially point out an imminent reversal, nevertheless it does recommend that property could also be accountable for short-term pullbacks or integrations.
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