Although Severino has not provided a specific price target or projection in his analysis report, the emergence of the key bullish signal on the high-timeframe chart potentially positions Ethereum in a bullish setup similar to the one Bitcoin was in when the same indicator flashed.
Given its consistent activation during periods of uptrends, the Raging Bull signal has become a key indicator for a potential price expansion. Despite its claimed accuracy, Severino acknowledges that, like all trading systems, it is not perfect and can sometimes generate false signals.
