Ethereum Rainbow Chart

The Ethereum Rainbow Chart is a logarithmic Ethereum price chart that includes color bands following a logarithmic regression. According to the ETH rainbow chart, Ethereum is currently in "" territory, suggesting that it's a good time to sell. Additionally, you can check our Ethereum price prediction for more information on Ethereum forecast.

The different colors of the bands are an indication of whether Ethereum is currently undervalued or overvalued. An Ethereum log chart is used instead of a linear chart in order to better visualize Ethereum's long-term growth trajectory. The colder colors indicate a good buying opportunity, while the hotter colors indicate a good selling opportunity.

1. Dark Red: The Ethereum market is extremely overextended, ETH price is likely to drop
2. Red: Ethereum is overbought, traders should consider taking profits
3. Dark Orange: Buyers are dominating the market, FOMO (fear of missing out) is building up
4. Light Orange: Balanced market
5. Yellow: Investors should hold their Ethereum
6. Light Green: Ethereum can be acquired for relatively cheap
7. Green: A good spot for accumulating a Bitcoin position
8. Light Blue: A very good ETH buying opportunity
9. Blue: Ethereum is highly undervalued