​​Ethereum Rainbow Chart predicts ETH price for February 1, 2026

The Ethereum (ETH) Rainbow Chart is predicting that the second-ranked cryptocurrency by market cap is likely to remain within its long-term valuation corridor by February 1, 2026, pointing to moderate upside rather than an extreme move.

With Ethereum trading around $2,895 at press time, the chart suggests a likely price range clustered near the lower-to-mid valuation bands in the near term.

ETH price prediction

For February 1, 2026, the Rainbow Chart’s lowest band, labeled ‘Fire Sale’, spans roughly $994.14 to $1,340.56 and reflects periods of extreme pessimism when Ethereum has historically traded well below its long-term trend. Above it, the ‘Undervalued’ band ranges from about $1,340.56 to $1,843.11, signaling prices that remain discounted despite improving sentiment.

The ‘Accumulate’ band extends from approximately $1,843.11 to $2,577.16 and represents levels where long-term investors have historically built positions as downside risk diminishes.

Just above it, the ‘Still Cheap’ band spans roughly $2,577.16 to $3,652.96. With ETH at $2,895 in late January, price action currently sits within this band, suggesting Ethereum is inexpensive relative to its long-term growth curve but no longer deeply undervalued.

The next zone, the ‘Steady’ band, ranges from about $3,652.96 to $5,252.44 and reflects balanced market conditions where price closely tracks the long-term trend and speculative excess is limited. A gradual move into this band by February 1 would imply ETH trading in the low-to-mid $3,000 range, consistent with the chart’s trajectory if momentum remains stable.

ETH extreme price level outlook

Above fair value, the ‘HODL’ band spans roughly $5,252.44 to $7,615.88 and signals rising optimism and stronger bullish momentum.

Higher still, the ‘Is This the Flippening?’ band ranges from about $7,615.88 to $11,055.84, reflecting heightened enthusiasm and increasingly stretched valuations. The ‘But Have We Earned It?’ band follows, spanning approximately $11,055.84 to $15,784.04, a zone historically associated with late-cycle optimism.

At the top of the spectrum, ‘Maximum Bubble Territory’ ranges from roughly $15,784.04 to $22,464.62 and represents extreme euphoria, where prices have historically proven unsustainable.

It’s worth noting that the Ethereum Rainbow Chart plots ETH’s price on a logarithmic scale and fits it to an expanding long-term growth curve divided into colored bands reflecting adoption cycles, volatility, and diminishing returns. It does not predict exact prices but shows where Ethereum sits relative to its historical trend.

Featured image via Shutterstock

Source