Identical to Bitcoin (BTC) earlier than its rally, the price of Ethereum (ETH) could also be on the verge of a big breakout, as a key technical sign, generally known as the Raging Bull indicator, has simply flipped in its favour. This identical indicator beforehand predicted Bitcoin’s explosive surge to new all-time highs, and its reappearance for Ethereum is fueling recent optimism.
Ethereum Reactivates Uncommon Bullish Indicator
On July 16, crypto analyst Tony Severino announced in a submit on X social media that Ethereum has simply flashed the important Raging Bull indicator—a software beforehand credited for precisely forecasting Bitcoin’s parabolic rally. This improvement, highlighted on the month-to-month chart, marks the possibly strongest affirmation of bullish momentum for ETH since its last major surge.
The analyst’s chart exhibits Ethereum closing the latest month-to-month candle at $3,177, posting a 27.81% acquire. This marks the primary time the Raging Bull indicator has reappeared after months of absence since ETH bottomed out throughout the broader market correction in late 2022 and early 2023. The indicator, seen by means of yellow-highlighted candles, traditionally appeared during times of robust upward pattern formation on excessive time frames.
The final time Ethereum printed an analogous sample was throughout its famous 2020 breakout, which finally led to an explosive surge towards its ATH above $4,800. That run coincided with a sustained sequence of yellow candles backed by rising momentum. Based mostly on this pattern, the reappearance of the Raging Bull indicator means that Ethereum could also be recovering from its 2022-2023 lows, highlighting the potential begin of a renewed bullish part.
Though Severino has not supplied a particular worth goal or projection in his evaluation report, the emergence of the important thing bullish sign on the high-timeframe chart doubtlessly positions Ethereum in a bullish setup just like the one Bitcoin was in when the identical indicator flashed.
Bitcoin Worth Motion After The Raging Bull Flashed
Based on a earlier post, Severino revealed that Bitcoin’s Raging Bull indicator had reappeared earlier in Could 2025, signaling for the primary time since its final confirmed sign on the finish of 2024. This technical improvement was marked on the weekly chart after a decisive candle shut across the $97,452 degree, marking a 3.91% acquire.
The Raging Bull indicator first appeared throughout Bitcoin’s breakout in late 2023, with the momentum extending by means of the primary half of 2024. After quickly going dormant, the chart indicator flipped again on once more round November 2024, previous a serious worth rally. Its latest 2025 reappearance follows a restoration from native lows, forerunning an explosive surge within the BTC worth.
Given its constant activation during times of uptrends, the Raging Bull sign has change into a key indicator for a possible worth growth. Regardless of its claimed accuracy, Severino acknowledges that, like all buying and selling techniques, it isn’t excellent and might typically generate false indicators.
Featured picture from iStock, chart from Tradingview.com
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