The Ethereum (ETH) market is currently navigating a recovery phase following a recent downturn, and insights from the Ethereum Rainbow Chart offer potential price projections for February 28, 2026. This chart utilizes logarithmic growth curves to overlay historical price data, categorizing future valuations into color-coded bands that reflect varying market sentiments, from extreme overvaluation to significant undervaluation.
As of the latest updates, Ethereum has regained support, trading at $2,009, which represents an increase of over 4% in the last 24 hours. However, the weekly performance still shows a decline, with the asset down more than 13%.
The chart indicates that by late February 2026, Ethereum could oscillate between approximately $1,011 and $22,767, largely influenced by prevailing market dynamics. The upper spectrum, identified as the “Maximum Bubble Territory,” is marked between $15,999.66 and $22,766.71, signaling a phase of potential speculative excess and a heightened risk of correction. Just beneath this zone lies the “But have we “earned it?”” band, ranging from $11,209.24 to $15,999.66, reflecting conditions where price increases may outpace underlying fundamentals.
The next segment, labeled “Is this the “Flippening?””, spans from $7,723.72 to $11,209.24, indicating a robust bull market phase where Ethereum could significantly surpass the broader cryptocurrency market”s performance. The mid-range evaluations fall under the “HODL!” band, which ranges from $5,327.93 to $7,723.72, a historical zone associated with sustained growth trends that encourage long-term holders” confidence.
Below this, the “Steady…” band encompasses values from $3,706.51 to $5,327.93, suggesting stable growth aligned with long-term adoption trends. Recent developments point toward a bearish trend across the crypto landscape, affecting major tokens such as Solana and Avalanche.
Furthermore, the “Still cheap” band, ranging from $2,616.41 to $3,706.51, implies that Ethereum may still be undervalued relative to its historical growth trajectory. The “Accumulate” band, covering $1,872.50 to $2,616.41, is typically seen as a favorable long-term entry point. The “Undervalued” band sits between $1,362.90 and $1,872.50, while the lowest tier, dubbed “Fire Sale,” spans $1,011.34 to $1,362.90, often linked to market capitulation phases.
With Ethereum currently hovering around the $2,000 mark, it finds itself within the “Accumulate” band. Should ETH follow the Rainbow Chart”s median historical path leading into late February 2026, a transition into the “Steady…” or “HODL!” zones appears feasible, suggesting a potential price range of approximately $4,000 to $6,000. However, factors such as unexpected adoption growth, increased network activity, or a resurgence in the crypto bull market could elevate Ethereum into higher valuation bands, while broader market weaknesses may confine it to lower ranges indicated by the model.
