EIGEN Signals Potential Reversal Amid Oversold Conditions: Key Levels and Trade Setups to Watch

EigenLayer’s recent technical analysis on the 1-hour chart indicates a cautious market sentiment, characterized by a gradual downtrend in closing prices. The last five sessions showed values of $2.476, $2.452, $2.448, $2.411, and $2.425, highlighting a struggle to maintain stability amid bearish pressures. Key indicators such as the 9 EMA, 20 EMA, MACD, and RSI suggest a careful approach for traders considering long or short positions.

The EMA analysis reveals a bearish trend, with the 9-period EMA below the 20-period EMA, currently at $2.465 and $2.525, respectively. This alignment suggests ongoing bearish momentum, and a bullish reversal would require the 9 EMA to cross above the 20 EMA. The MACD further supports this bearish outlook, as it remains below the signal line, with the histogram in negative territory, indicating persistent selling pressure.

Despite the bearish indicators, the RSI readings, which are firmly in oversold territory, suggest potential reversal opportunities. With RSI levels below 30, there is a strong possibility for a price correction if the RSI begins to rise. Traders should monitor key support at $2.411 and resistance levels at $2.778, $2.833, and $2.841 for potential entry and exit points. Overall, while the market shows signs of oversold conditions, caution is advised due to prevailing bearish momentum. $EIGEN #EIGEN #EigenLayer

🚨 Breaking News in Ethereum Ecosystem! 🚨

Ethereum Foundation Researchers Step Back from EigenLayer amid Governance Controversy!

🌐 In a bold move shaking the Ethereum community, top researchers have resigned from their advisory roles in EigenLayer, the innovative re-staking protocol on Ethereum. This decision brings the spotlight on governance and security challenges as Ethereum scales new heights! 🚀

👀 Why the Controversy? EigenLayer’s re-staking model allows stakers to earn additional rewards, but concerns are brewing about potential security risks for Ethereum’s core model. The debate raises crucial questions on innovation vs. security for the ecosystem.

Could this reshape how Ethereum and other DeFi projects approach governance?

Stay tuned as this story unfolds and see what this means for Binance, DeFi, and the future of blockchain!

#TetherAEDLaunch #USEquitiesRebound #CryptoAMA $BTC
#EigenLayer #BlockchainInnovation $ETH

EIGENLAYER Is Still Worth it To invest Now
expert Please Tell Me What To Do 🙏
#EigenLayer

Zircuit's Airdrop Bonanza! 💰 Zircuit, the ZK Layer 2 protocol backed by big names like #Binance Labs and Pantera, has just opened its airdrop to #EigenLayer holders and stakers!

Plus, they've launched a Binance #Web3 Wallet airdrop with a $500,000 prize pool! 👀

This could explain why this whale 💦👇 heavily invested in Eigen, showing a strong preference for $EIGEN early on. 🙊 DYOR! #Altcoins #EIGEN

Just read about something super interesting in the Web3 space - Gaia Network and EigenLayer are teaming up, and it's actually a pretty big deal for decentralized AI!

You know how everyone's always worried about security and speed when it comes to decentralized stuff? These two are basically joining forces to solve that. Gaia does all the AI infrastructure stuff, and EigenLayer is known for building super secure data networks.

The coolest part? They're setting up this 24/7 monitoring system to keep everything safe. It's like having a security guard that never sleeps 😅

And get this - everything's going to be completely transparent. You'll be able to see all the transactions and updates happening in real-time. No sketchy business behind closed doors!

They're also making it WAY faster by combining EigenLayer's data network (EigenDA) with Gaia's AI setup. It's like they took a sports car and gave it a rocket engine 🚀

The best part? They're making it super easy for developers to jump in. Even if you're just starting out, they've got these tools and SDKs that make building decentralized AI projects way less intimidating. No more needing a PhD to build something cool!

I feel like this could be huge for Web3. Like, imagine having AI stuff that's actually fast AND secure AND you can see exactly what's happening under the hood. Pretty neat, right?

What do you think about all this? Are you into the whole decentralized AI scene? Would love to hear your thoughts! 🤔

#Gaianet #GAIA #eigen #EigenLayer #web3

Boby1337.eth Boosts EIGEN Holdings—Another Big Withdrawal! 🚀
Just 2 hours ago, boby1337.eth made another major move, withdrawing 2.95M EIGEN (worth $7.99M) from Binance and staking it all on #EigenLayer .
In the past three days, he's executed four transactions, accumulating a total of 8.16M EIGEN (valued at $22.1M). It’s clear that boby1337.eth has strong conviction in $EIGEN ’s potential!
Address: 0x35e3564c86bc0b5548a3be3a9a1e71eb1455fad2
What’s next for #eigen with whales like this on the scene?
#EIGEN $EIGEN

EIGEN Tests Key Support as Indicators Signal Possible Reversal

With $EIGEN currently trading around $2.845, we’re observing a consolidation phase that could lead to significant movements.

Key Insights:
- Resistance Levels: Watch for potential breakouts at $3.197, $3.241, and $3.244.
- Support Level: Key support is at $2.761, which may provide a rebound opportunity.
- MACD & RSI: Indicators suggest a gradual shift in sentiment, with the MACD showing signs of buying pressure and the RSI nearing oversold territory.

Strategy:
- Bullish Scenario: A rebound from support could target $3.197 and beyond.
- Bearish Scenario: A break below $2.761 may lead to further declines. #EigenLayer #EIGEN

Read more on www.ecoinimist.com.

Eye on EIGEN : Targeting Entry at Fresh Monthly Low

#EigenLayer #Eigen #EIGENonBinance #Write2Earn!
#BinanceSquareFamily

Summary & Analysis :
Traders are closely watching EIGEN on the lower time frame (LTF) for a potential entry point as it approaches a fresh monthly low. The idea here is to buy in if the price reaches the anticipated lower range, which could present a valuable entry opportunity if the expected dip occurs. This strategy leverages the current market trend, seeking to maximize gains from a likely bounce-back.

Conclusion & Advice :
Entering around the monthly low could yield a favorable risk-reward ratio for EIGEN traders, especially if there’s a recovery after the dip. For those considering this entry, monitoring price movement closely is essential to catch the right moment.

Final Note :
With volatility often at play, ensure to set stop losses and be prepared to adjust positions quickly. This setup could offer promising returns if market momentum aligns as expected.

In a major move just 13 hours ago, the wallet boby1337.eth withdrew 2.4 million #eigen , valued at $7.82 million, from Binance at an average price of $3.26. Almost immediately after, they staked all tokens with Eigenlayer.
The wallet address is: 0x35e3564c86bc0b5548a3be3a9a1e71eb1455fad2.
But that’s not all! After receiving 2.23 million EIGEN from EigenLayer, boby1337.eth continued to accumulate, bringing their total to 5.454 million EIGEN (worth $17.5 million) after making further purchases via Binance and CoWSwap at an average price of $3.31 between October 1 and 18, 2024. This whale is making some serious waves with their stake in #EigenLayer !
$EIGEN

BIGGEST FUNDRAISING ROUNDS LAST WEEK 💰
19 - 25 Feb

Last week, over $238M was secured through 28 deals.

1/ #EigenLayer secured $100.0M in funding round led by a16z

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security.

2/ Flare secured $35.0M in funding round

Flare is a Layer-1 blockchain that facilitates secure and universal interoperability between chains.

3/ Monkey Tilt secured $21.0M in funding round

Monkey Tilt caters to online gamblers who are enthusiastic about sports and esports, providing a platform where knowledge and analysis of player statistics can translate into tangible rewards.

4/ @AltLayer secured $14.4M in Strategic led by Polychain Capital & Hack VC

AltLayer is a decentralized and elastic Rollup-as-a-Service (RaaS) protocol for application developers to launch highly scalable application-tailored execution layers (aka Layer 2s)

5/ Helius secured $9.5M in Series A led by Foundation Capital

Helius is an APIs, webhooks, and RPC provider in the Solana ecosystem.

6/ Meso Network secured $9.5M in Seed led by Solana Ventures & Ribbit Capital

Meso is a fintech built to connect banks and cards to your crypto app, more details coming soon

7/ Superfluid secured $5.1M in funding round led by Fabric Ventures

Superfluid is an asset streaming protocol that brings subscriptions, salaries, and rewards to DAOs and crypto-native businesses.

8/ Crystal Fun secured $5.0M in Seed

Crystal Fun is a decentralized gaming mega-ecosystem and studio. It aims to seamlessly integrate high-quality games within a sustainable economic ecosystem, ushering in a groundbreaking gaming experience into Web3.

9/ #Beoble secured $5.0M in Seed

beoble is a communication infrastructure and ecosystem that allows users to chat between wallets.

10/ Inco Network secured $4.5M in Seed led by 1kx

Inco Network is an EVM Layer-1, utilizing fully homomorphic encryption (FHE) to enable composable and operable confidential states.

Introducing ALT Restaking:

Revolutionizing Crypto with Innovation 🚀

Breaking New Ground in Crypto 🌐

ALT Restaking is transforming the crypto landscape with its cutting-edge technology and robust token economic model. As the core AVS publishing platform, largest node of AVS, and key contributor/partner of EigenDA in the EigenLayer ecosystem, ALT is poised for greatness.

Efficient and Secure Staking 🔒

The reALT restaking model enables efficient and secure staking, allowing users to maximize their rewards while contributing to the network's growth. With a strong focus on decentralization and security, ALT is leading the charge in the Web3 revolution.

Join the Conversation 💬

Share your insights on the $ALT ecosystem! What do you think about the reALT restaking model? How do you see ALT contributing to the future of crypto?

ALT Layer Protocol Explained

ALT Layer is a decentralized protocol that enables scalable and secure rollups. It uses a novel consensus algorithm and a robust token economic model to incentivize validators and ensure network security. #ALT Layer is built on top of #EigenLayer , a decentralized network of nodes that enables fast and secure data transfer. With ALT Restaking, users can stake their tokens to support the network and earn rewards.

ALT Layer Protocol in a Nutshell:

Decentralized protocol for scalable and secure rollups

#cryptouniverseofficial
#ALTrestaking
#ALTrestaking
$ALT $PEPE

Few Major Crypto events in April: Bitcoin halving, CZ sentencing hearing, U.S. March CPI, SEC and Coinbase lawsuit, BCH halving, EigenLayer's mainnet launch.

#bitcoinhalving #EigenLayer $BTC $BCH #NewsUpdated #CryptoNews🚀🔥 #cz

Eigen Labs, the core development team contributing to EigenLayer and EigenDA, has raised $100 million from a16z crypto, demonstrating their commitment to maximizing open innovation and fostering the future of crypto.

#EigenLabs #EigenLayer #Write2Earn #A16ZCrypto

⚡ #EigenLayer has raised $50M in the #funding round led by #blockchain Capital

EigenLayer, an #Ethereum staking protocol developer, has announced the closure of the $50M investment round. Additional round participants Electric #Capital , Polychain and others.

Polyhedra Network joined forces with Renzo to provide $1.8B security for the Bitcoin interoperability protocol.

Blockchain protocol that provides scalable interoperability #PolyhedraNetwork partners with Ethereum staking protocol based on #EigenLayer #Renzo to integrate liquidity re-staking tokens LRT and ZK tokens' dual-staking mechanism. Through this collaboration, companies will provide $1.8B in cryptographic economic security for their #Bitcoin interoperability protocol, striving to reduce reliance on trust within Bitcoin interoperability.

Polyhedra Network operates a decentralized identity platform designed to build the #Web3 infrastructure. #Polyhedra establishes infrastructures for Web3 interoperability across diverse systems, ensuring strong security without additional trust assumptions.

👉 theblock.co/post/284878/zkbridge-eigenlayer-dual-staking-and-renzo

Hello i have seen the ETHENA new airdrop on Binance Defi But the issue is the time for that air drop js 144 Days. As jt is quiet a long time on the other hand there is also Eigen Layer too so j am little confused what to do next either invest in binance airdrop on ENA or wait and stake in Eigen layer protocol Air Drop.
Any kind of suggestion are appreciated and guidance too.
#ena #EigenLayer #BTCHalvingApril2024

📢EigenLayer Now 5th Largest DeFi Protocol With $4.6 Billion in Locked Assets
EigenLayer, a liquid restaking platform, has become the fifth largest protocol in DeFi after receiving $4.3 billion in inflows over the past 10 days. The removal of the staking cap and increasing asset prices have contributed to this surge in value. EigenLayer now has $1.9 billion worth of wrapped ether and $2.7 billion worth of staked ether locked on its protocol.🔥
#EigenLayer #Staking #AirdropOpportunity #BTC #Write2Earn

#write2earn Last week update in the DeFi world

$UNI $STRK $ETH

#Uniswap shakes up the DeFi scene with a governance proposal aiming to introduce a long-awaited revenue share for UNI stakers. Meanwhile, Ethena's launch on Ethereum's mainnet, along with its Shard Campaign, and Sushi's innovative Sushi Bonds, mark significant developments in the crypto space.
Despite fluctuations in various altcoins and ecosystem tokens, Total Value Locked (TVL) across all chains continues to rise. Noteworthy performers include #StarkNet and Scroll, both witnessing increased inflows and activity.
In Alpha Central, anticipation builds for Blast L2's upcoming mainnet launch, positioning it to become the second-largest L2 by TVL. Projects spanning decentralized exchanges (DEXs), money markets, NFT marketplaces, and more are thriving on the Blast testnet.
Ethereum sees Uniswap Foundation proposing a fee switch for UNI stakers, potentially sparking renewed interest in DeFi tokens. Ethena Labs' debut brings the Shard Campaign, allowing users to earn Shards through various activities, while other launches like Frax Finance's snapshot for FXS lockers and Gearbox's leveraged #EigenLayer restaking offer further opportunities.
Across various protocols, innovations abound, from #KelpDAO 's Kelp Earned Points system to Across Protocol's release of Across V3 bridge upgrades. Additionally, Sushi introduces Sushi Bonds to encourage sticky liquidity, while Blast announces winners for the Big Bang competition.
In Cosmos, Dymension AMM launches, facilitating token swapping across RollApps, while Osmosis now natively supports Wrapped BTC (WBTC). And on Linea, Linea Park kicks off, inviting participants to explore gaming and social applications.
Airdrops remain a significant aspect, with StarkNet opening claims for the STRK token airdrop and Optimism distributing OP tokens to eligible NFT creators. Jupiter also announces a $100K reward airdrop for top users on the Solana Mobile 2 leaderboard.

⚡️ EigenLayer’s total deposits exceed $900M amid increased LST caps

EigenLayer has recorded a significant jump in user deposits amid the recent adjustment of deposit caps for liquid staking assets. Consequently, the protocol’s total value locked has risen from $250M to over $900M. The protocol's total deposits are currently equal to more than 410K ether. The protocol has recently expanded its range to include six additional LSTs: Swell’s swETH, Stakewise’s sETH, Stader’s xETH, Origin’s oETH, Ankr’s ankrETH and Wrapped Beacon Ether (wBETH).

#EigenLayer #EigenLabs #ANKR #Staking

✉️ EigenLayer — Opening of pools

EigenLayer has increased the limit on the amount of derivative $ETH that can be deposited on the site from 9600 $ETH to 30,000 $ETH.

#EigenLayer #CryptonResearchBot