$EIGEN , part of the #Ethereum ecosystem, is showing strong potential to surpass $5 and reach a new all-time high (ATH). The price action suggests the formation of a "W" pattern, indicating a possible bullish reversal. Additionally, #EIGEN has recently broken its downward trendline, which is a positive signal for further upward momentum. Traders should keep a close eye on this development, as breaking key levels could lead to a significant rally. As always, monitor market conditions and volume closely to confirm the breakout and manage risk effectively.