Like Bitcoin (BTC) before the rally Ethereum price (eth) The main technical signal known as the raging bull indicator has been turned over in favor of its favor, and it could be on the crisis of a critical breakout. This same indicator was previously predicted Bitcoin’s newest ever explosive surgeand that Ethereum reappearance promotes fresh optimism.
Ethereum revitalizes rare bullish indicators
July 16th, Crypto analyst Tony Severino announcement In an X Social Media post, Ethereum just flashed its critical raging bull indicator. Bitcoin Parabolic Rally. The development, highlighted in monthly charts, shows a potentially strong confirmation of ETH’s bullish momentum since ETH The last major surge.
Analyst charts show that Ethereum has closed its latest monthly candle at $3,177, earning 27.81%. This is the first time a violent bull indicator has reappeared after months of absence ETH has bottomed out During a broader market revision between late 2022 and early 2023. Indicators visible through the yellow highlight candles have historically appeared during periods of strong upward trend formation in high time frames.
It was in the last time Ethereum printed a similar pattern. Famous 2020 BreakoutsIt ultimately led to an explosive surge. ATHs over $4,800. The execution coincided with a sustained sequence of yellow candles backed by a rise in momentum. Based on this trend, the reappearance of the raging bull indicator suggests that Ethereum may be recovering from it. 2022-2023 Lowshighlights the potential beginnings of the updated bullish stage.
Although Severino does not provide a specific price target or forecast in its analytics reports, the appearance of a major bull signal on the High-TimeFrame chart could potentially place Ethereum in a bullish setup similar to one Bitcoin when the same indicator flashes.
Bitcoin price action after Raging Bull flashes
According to previous postSeverino revealed it Bitcoin’s raging bull indicator has reappeared Signaling for the first time since the last confirmed signal at the beginning of May 2025 at the end of 2024. The technological development was marked on the weekly chart after extreme closing of the $97,452 level and then marking a profit of 3.91%.
The raging bull indicator appeared first Bitcoin breakout in late 2023the momentum will expand until the first half of 2024. After a temporary dormant, the chart indicator flipped again around November 2024, prior to the major price rallies. The recent 2025 reappearance predicts an explosive surge in BTC prices following a recovery from local lows.
Given the consistent activation during the upward trend, intense bull signals are a key indicator of potential price expansion. Despite the alleged accuracy, Severino acknowledges that, like all trading systems, it is not perfect and can sometimes produce false signals.
ISTOCK featured images, charts on tradingView.com
