Ethereum’s Next Move: Bullish Divergence + Stoch RSI Oversold

Ethereum (ETH) is setting up for a major technical move, and if you understand what’s happening, you can position yourself ahead of the crowd.

Right now, ETH’s weekly chart is flashing two key signals:

✅ Stochastic RSI is entering oversold territory.
✅ A bullish divergence is forming.

But there’s one catch—the wick from two weeks ago hasn’t been filled yet.

So, what does this mean for ETH’s price action? And more importantly, how can you use this information to escape the 9-5 grind and capitalize on the crypto markets?

Let’s break it all down.

📉 What Does It Mean When Stochastic RSI Is Oversold?

The Stochastic RSI (Stoch RSI) is a momentum oscillator that tells us whether an asset is overbought or oversold based on its recent price action.

• Above 80 = Overbought (risky to buy, potential correction incoming)

• Below 20 = Oversold (potential reversal zone, smart money accumulates)

Right now, ETH’s Stoch RSI on the weekly chart is entering deep oversold territory—a rare occurrence that has historically led to strong rebounds.

📌 Example: What Happened Last Time ETH’s Stoch RSI Was Oversold?

Let’s look at past ETH price action:

🔹 June 2022 (Bear Market Bottom)

• ETH’s Stoch RSI dropped into oversold territory when it was trading around $1,000.

• Within four months, ETH rallied to $2,000, delivering a 2x move before the next pullback.

🔹 October 2023 (Pre-Bull Market Rally)

• ETH’s Stoch RSI hit oversold at $1,500.

• The market reversed hard, and ETH ran past $2,700 in early 2024.

Every time ETH’s weekly Stoch RSI entered oversold and reversed back up, ETH rallied significantly in the following months.

Now, we’re seeing the same setup forming again.

📈 What Is Bullish Divergence & Why Does It Matter?

A bullish divergence occurs when price makes lower lows while momentum indicators (like RSI or Stoch RSI) make higher lows.

This tells us that selling pressure is weakening, and smart money is slowly accumulating before a reversal.

📌 Example: ETH’s Past Bullish Divergences

🔹 December 2018 – ETH at $80

• ETH made a lower low, but RSI formed a higher low = bullish divergence.

• ETH rallied from $80 to $350 in 6 months.

🔹 March 2020 – COVID Crash

• ETH dumped to $90, but RSI formed a higher low = bullish divergence.

• ETH exploded to $600 by the end of the year.

Now, in 2024, we’re seeing another bullish divergence on the weekly chart.

ETH is still trading lower, but momentum indicators are refusing to confirm the downtrend—a strong sign that accumulation is happening.

⚠️ The One Downside: The Unfilled Wick

The only thing preventing a full-on reversal right now is the unfilled wick from two weeks ago.

What Does This Mean?

When a candle leaves a wick, it means price moved into that area but didn’t close there. Often, the market comes back to “fill” the wick before resuming its move.

On the weekly ETH chart, we have an unfilled wick lower than current price, which means:

1️⃣ ETH might dip slightly before bouncing.
2️⃣ Once the wick is filled, ETH has a higher probability of reversing strongly.

This is why patience is key—the best traders wait for confirmations instead of blindly buying every dip.

🎯 The 9-5 Trader’s Playbook: How to Trade This Setup

For those stuck in the 9-5 grind, this is the kind of technical setup that can change your financial trajectory—IF you play it right.

Here’s how to capitalize on this opportunity without staring at charts all day:

✅ 1. Wait for Stoch RSI to Cross Back Above 20

• The strongest confirmation of a reversal happens when Stoch RSI curls up from oversold.

✅ 2. Monitor Bullish Divergence Confirmation

• If ETH holds support & RSI continues forming higher lows, the reversal is more likely to play out.

✅ 3. Set Buy Orders Near Key Levels

• Watch for wick fills or strong volume spikes before entering a position.

✅ 4. Ride the Trend – Don’t Overtrade

• If ETH follows past cycles, we could see a strong rally over the next few months.

Remember: The biggest moves happen when retail traders are fearful, and smart money is positioning themselves early.

🚀 The Bigger Picture: Why This Matters for Your Financial Freedom

If you’re still grinding away at a 9-5 job, waiting for your boss to approve your next 2-week vacation, ask yourself this:

💡 What if, instead of selling your time, you learned to spot opportunities like this and let your money work for you?

The crypto market is full of opportunities, but most people only wake up when prices are already pumping.

The ones who build wealth? They position themselves when no one is paying attention.

ETH’s Stoch RSI and bullish divergence are flashing signals—what you do next is up to you.

🚀 Are you going to sit on the sidelines, or are you going to play the game?

Join 9-5 traders community to capitalize on this opportunity.

— Victor