Ethereum Rainbow Chart predicts ETH price for August 1, 2025
Main Idea
The Ethereum Rainbow Chart suggests Ethereum is currently in the 'Steady...' zone, indicating stable growth, with potential future price ranges for August 2025 outlined.
Key Points
1. Ethereum is currently trading around $3,700, placing it in the 'Steady...' zone of the Rainbow Chart, which indicates stable growth and reduced volatility.
2. The Rainbow Chart estimates Ethereum could trade between $4,752.48 and $6,901.15 by August 1, 2025, a range corresponding to the 'HODL!' zone.
3. The lowest band on the chart, 'Fire Sale' ($881.52 to $1,193.99), indicates extreme undervaluation, followed by 'Undervalued', 'Accumulate', and 'Still Cheap' bands.
4. Ethereum's recent bullish rally is supported by technical indicators, with the 50-day SMA at $2,836.31 and the 200-day SMA at $2,404.22.
5. The 14-day Relative Strength Index (RSI) is at 80.01, indicating potential overbought conditions.
Description
Insights from the Ethereum ( ETH ) Rainbow Chart suggest that the second-largest cryptocurrency by market cap is likely to see further momentum on August 1. As of press time, Ethereum was trading around $3,700, placing it within the “Steady…” zone of the chart. The Rainbow Chart is a long-term valuation model that utilizes a logarithmic curve and color bands to illustrate Ethereum’s historical price sentiment. It helps investors gauge whether the asset is undervalued or overheated, without predi...
Latest News
- Mythical Games hits 1 million downloads for the third time with FIFA Rivals2025-07-28 15:26:38
- Ray Dalio just revealed how much Bitcoin you need to hedge against fiat devaluation2025-07-28 14:39:57
- Bitcoin to peak at $155,000 on this date, according expert2025-07-28 13:41:25
- Robert Kiyosaki warns of ‘another 1929 crash’ and ‘Great Depression’2025-07-28 12:39:42
- ChatGPT picks 3 cryptocurrencies to buy with your $1,702 stimulus check2025-07-28 11:50:46