Ethereum Rainbow Chart 'September End $2,551'... 6% Rise Projected from Current Price

▲ Ethereum (ETH)/AI Generated Image ©

Ethereum (ETH) is projected to rise to $2,551 by the end of September, potentially entering the 'Accumulate' zone of the Rainbow Chart. Compared to the current price of around $2,400, this analysis suggests an upside potential of approximately 6% over the remaining month.

According to crypto media outlet Finbold on September 2 (local time), BlockchainCenter's Ethereum Rainbow Chart suggests an ETH price of approximately $2,551 by the end of September 2026. This chart is a long-term valuation model that assesses whether Ethereum is trading below or above its historical growth trend, based on price movements since 2015.

In the September Rainbow Chart, the 'Basically a Fire Sale' zone is set at $1,134, and the 'BUY!' zone at $1,700. The 'Accumulate' zone, signifying gradual accumulation, is $2,551, and the 'Still cheap' zone, indicating continued undervaluation, is $3,826. The 'HODL!' zone, recommending holding at fair value, is presented as $5,739.

The 'Is this a bubble?' zone, where speculative sentiment strengthens, is $8,608, and the 'FOMO Intensifies' zone, where investor overheating becomes evident, is $12,912. The upper 'Sell. Seriously, SELL!' zone is $19,368, and the 'Maximum Bubble Territory,' signifying historical overheating, is set at $29,052.

Ethereum surpassed $2,500 during the cryptocurrency market rally led by Bitcoin (BTC), but later gave back some of its gains. At the time of writing, it was $2,368, down approximately 3.4% from 24 hours prior and 3.2% from a week ago. However, the price remained significantly above the 50-day Simple Moving Average (SMA) of $2,043 and the 200-day Simple Moving Average of $2,027, maintaining a mid- to long-term uptrend.

The 14-day Relative Strength Index (RSI) was 63.92, remaining in the neutral zone but approaching overbought criteria. The media outlet explained that this signals a potential gradual slowdown in the pace of ascent, while buying pressure still holds the upper hand.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*