Ethereum Rainbow Chart predicts ETH for November 30

The Ethereum ( ETH ) Rainbow Chart is suggesting that the second-ranked cryptocurrency is likely to trade across a diverse range of prices by the end of the month. Notably, the outlook comes as Ethereum continues to be weighed down by broader market sentiment, which has seen increased selling ￰0￱ press time, ETH was trading at $3,425, up almost 0.5% in the past 24 hours, while on the weekly timeline, the asset is down 12%. ETH seven-day price chart.) and “Undervalued” ($1,775.54–$2,486.81) ranges suggest the asset remains attractively priced for accumulation. Finally, the lowest bands, “Accumulate” ($1,289.28–$1,775.54) and “Fire Sale” ($954.68–$1,289.28), reflect periods of excessive pessimism, offering potentially undervalued entry points.

ETH’s ideal price for November 30 With Ethereum trading around $3,400, it sits at the lower edge of the “Steady…” band, just above the “Still cheap” ￰1￱ placement suggests the asset remains moderately undervalued relative to the chart’s growth ￰2￱ market sentiment stays stable and follows its historical logarithmic path, Ethereum’s equilibrium price by November 30 could fall between $3,500 and $5,000, aligning with the midpoint of the “Steady…” ￰3￱ not a scientific forecast or investment advice, the Rainbow Chart contextualizes Ethereum’s cyclical valuation trends within its historical ￰4￱ image via Shutterstock