Eigenlayer (EIGEN) 4-hour analysis shows that the coin is currently trading at $3.39 after a 5.6% rise in the last 24 hours. Despite the high volatility in the previous days, there was a strong pullback on October 3 by 18.4% as it dropped to $3.26, before gradually recovering  .

Technical Analysis (4-hour):

1. Support Levels: The nearest strong support level is at $3.19.

2. Resistance Levels: The first resistance is at $3.60, and if broken, the price could head towards $4.00.

3. Moving Average (MA): The 50-period moving average shows the bullish trend continuing after bouncing off the 7-day low .

4. Momentum: The relative strength indicators (RSI) show that the market is moving in a strong “buy” zone, which increases the likelihood of a continued rise.

Recommendation:

If the price continues to stay above $3.19, the uptrend can be supported to reach $3.60 levels or higher.