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Ethereum (ETH) is currently hovering around the $2,480 mark, and the Rainbow Chart projects the price might drop to a triple-digit or rise to a five-digit range by the end of the month. The chart tracks Ethereum’s historical price performance using a logarithmic regression curve and projects future prices with a color-coded scale divided into nine zones. Each zone represents a different level of market sentiment, from significant undervaluation to intense overvaluation. For June 30, Rainbow Chart projects a price range from $862 to $20,117. Ethereum Rainbow Chart. Source: BlockhainCenter The lowest color band, labeled “Fire Sale,” predicts a price between $862.75 and $1,169. This range signals deep undervaluation and rare buying opportunities. Above it lies the “BUY!” band, which ranges from $1,169.49 to $1,617.27, which is likewise seen as an attractive entry point.  Next up, the “Accumulate” level stretches from $1,617 to $2,274, suggesting a moderately b...

Cryptocurrency analyst and trader Ali Martinez is leaning bullish on Cardano (ADA) amid a bounce in the market. Martinez tells his 76,100 followers on the social media platform X that Cardano is currently “following a similar pattern to 2020” where it went up by approximately 4,095% in around 343 days. “If history repeats, we might see a pump around November 18th — about two weeks after the US elections — and a potential market top by September 2025.” Source: ali_charts/X Cardano is trading at $0.355 at time of writing. Next up is Bitcoin (BTC). Martinez says that based on the Market Value to Realized Value (MVRV) pricing bands, Bitcoin could appreciate by around 16% from the current level over the short term. The MVRV is a ratio used to determine whether Bitcoin at any given time is undervalued or overvalued. The MVRV pricing bands use standard deviations to signal the undervaluation or overvaluation of Bitcoin. A value of 1 standard deviation indi...