Currently, EIGEN is showing a very bullish trend with increasing trading volume. Based on the weekly chart analysis, there is a potential price to reach $6.8 with a psychological target of $7. This figure is an important reference for smart money to sell, taking advantage of the psychological target of the majority of investors.

EIGEN has a price correlation of 3:1 to Ethereum (ETH). This means that if the price of ETH increases by 100%, the price of EIGEN has the potential to increase by 300%. This correlation makes EIGEN an attractive asset for portfolio diversification, especially if you are optimistic about the movement of ETH.

For investors who focus on long-term investment, EIGEN is worth considering as an alternative to Ethereum. Based on in-depth analysis, EIGEN has significant growth potential in the next few months.

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Important Note:

Make sure to always (DYOR - Do Your Own Research) before making an investment decision.

Given that Volatility in the crypto market remains a factor to watch out for.