Just been looking at the ETH rainbow chart again and it's interesting how the bands work for long-term valuation. So basically the chart maps Ethereum's price on a log scale against these colored zones that represent different sentiment levels - from 'Fire Sale' territory all the way up to 'Maximum Bubble' at the extreme end. Right now ETH is sitting around $2.3K, which puts it in that 'Still Cheap' band according to the rainbow chart framework. This band typically ranges from roughly $2,577 to $3,652, so we're actually below that midpoint at the moment. The rainbow chart doesn't predict exact prices obviously, but it does show where ETH sits relative to its long-term adoption curve. If momentum stays stable, you'd expect a gradual move toward the 'Steady' band, which would mean prices tracking closer to that $3,000-$5,000 range. The way these bands expand over time is pretty useful for understanding whether you're in extreme pessimism territory or just normal market conditions. Worth keeping an eye on where the price action sits within these zones.

ETH0.61%
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