Source: https://x.com/LeonWaidmann/status/2110592506731581526

We have an official bullish divergence on the 6hr chart.

Yes—screenshot shows a developing bullish RSI divergence on ETH’s 6-hour chart.
Comparing the sharp low around October 8 with the latest selloff:
Price is making a lower low.
RSI is above its earlier low—visually, roughly 30 versus around 20 previously. Those are estimates from the image.
That’s the classic bullish divergence setup: price falls further while downward momentum is weaker. It can precede a bounce or reversal, but doesn’t establish a bottom by itself.
The catch is that the latest candle still has about three hours left, and RSI is still falling. The second trough needs to finish forming.
From this chart, I’d watch for:
RSI turning upward while holding above its October 8 low.
ETH reclaiming roughly $2,450–$2,500, the recent consolidation area, to strengthen the recovery case.
If RSI falls below its earlier trough as price makes new lows, this particular divergence disappears.
Your read is reasonable: a bullish setup is developing within a downtrend, with price confirmation still needed.

Ethereum bounced very strongly after forming a Bullish Divergence.

more upside coming ?

Interactive Brokers just expanded its crypto services to include Ethereum staking.

Do you guys see moves like this as meaningful evidence that ETH is becoming more mainstream, or is it mostly just another product feature for people who already own crypto?

What would convince you that institutional access is actually translating into stronger Ethereum adoption — more staking, more users, more transaction activity, more stablecoin/RWA growth, or something else?

ETH long trade with 2311 stop, did hit first target lets see if it gets to the final one.