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The hour of truth: Does the Ethereum rainbow chart hold the key to its future?
If you've been wondering if the price of Ethereum is crazy or not, the famous rainbow chart has the answer for August 31. 🌈💰
My people! Ethereum has taken a hit, but a super colorful chart is giving hints of what could happen at the end of August. The famous Ethereum Rainbow Chart, which is not a horoscope, but a model that uses math to see if the coin is cheap or super expensive, gives us a perspective.
Be careful, the chart won't tell you if it goes up or down tomorrow. What it does is divide the price into color zones, from the super bargain (dark blue) to the total bubble (intense red). Imagine a traffic light but with more colors. 🚥
My people! Ethereum has taken a hit, but a super colorful chart is giving hints of what could happen at the end of August. The famous Ethereum Rainbow Chart, which is not a horoscope, but a model that uses math to see if the coin is cheap or super expensive, gives us a perspective.
Be careful, the chart won't tell you if it goes up or down tomorrow. What it does is divide the price into color zones, from the super bargain (dark blue) to the total bubble (intense red). Imagine a traffic light but with more colors. 🚥
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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