$EIGEN Based on the current 4-hour chart for EIGEN/USDT, a buy entry could be considered near 2.47–2.50 USDT if the price shows strength above this level, with the 2.35 USDT support holding. This would signal potential for upward movement, especially if the price breaks above 2.50 USDT towards 2.55 or 2.60 USDT​​​​.

$EIGEN 4-hour chart for EIGEN/USDT, here are more detailed insights based on current technical analysis :
1. Price Action:
EIGEN has recently been testing key support levels around 2.35 USDT, where it has found some short-term stabilization. The price currently hovers near the 2.47–2.48 USDT region​​.
If the price remains above 2.35, there may be potential for a bounce, but further confirmation is needed to solidify the trend reversal. This level is critical, as a breakdown could signal a move to lower support zones.
2. Moving Averages:
The moving averages (MA) are showing a neutral stance. For instance, the 200-period EMA and 50-period MA are relatively flat, indicating a lack of a strong trend in either direction​​.
Short-term MAs (like the 10-period) also do not provide a strong directional bias, which reinforces the indecision in the market.
3. Oscillators:
Key oscillators like RSI, Stochastic, and MACD are showing a neutral or slightly bullish bias, meaning that while the market isn’t overbought, it’s also not showing strong oversold conditions either​​​​.
The RSI is holding around the 50 level, which supports a balanced market, neither leaning toward a strong buying nor selling signal.
4. Volume:
There has been a decline in volume over the past few hours, which typically signals weakening momentum. This suggests that traders are waiting for more clarity or a breakout before committing to larger positions​​.
5. Market Sentiment:
Several traders are cautious, with some noting that the current market is in a consolidation phase, and potential opportunities may arise if the price breaks certain levels. Some bullish setups suggest watching for a break above 2.50 USDT as a potential signal for a move toward higher targets like 2.55 or 2.60 USDT​​​​.
6. Bitcoin's Influence:
As always, Bitcoin's price action remains a key driver for altcoins like EIGEN. A sustained move above 68,000 USDT for Bitcoin could potentially push EIGEN/USDT toward the upper resistance levels, while a drop below critical support for Bitcoin may trigger further downside pressure on EIGEN​​.
In summary, the EIGEN/USDT 4-hour chart shows neutral to slightly bullish sentiment. Price action is testing key support at 2.35 USDT, and a break above 2.50 could open the door for a more substantial upside move. Keep an eye on volume and Bitcoin's movements, as these will be crucial in determining the next significant price movement.