$EIGEN

Last Price: $4.708

24h Price Change: -0.93%

24h High: $4.793

24h Low: $4.486

24h Trading Volume: 991,895.55 EIGEN

24h Turnover: $4,593,792.13

Whale Trader Signal:

Longs: 2,156,154

Shorts: 19,032

Long/Short Ratio: 113.3:1

Net Capital Flow: -$4,581,310

Inflow: $18,316,472

Outflow: $22,897,782

Fundamental Analysis:

Market Cap: $598,940,835

Circulating Supply: 186,582,000 EIGEN

Description:

EigenLayer is a protocol on Ethereum that introduces restaking, allowing users to extend cryptoeconomic security to additional applications on the network. This innovative approach could enhance the security and functionality of Ethereum-based applications.

Technical Analysis

Support Level: $4.522

Resistance Level: $4.794

Market Sentiment:

Fear & Greed Index: 76 (Extreme Greed)

Conclusion:

Eigen Coin is currently experiencing a slight decline in price, with a notable long position dominance among traders. The market sentiment is leaning towards extreme greed, which may indicate potential volatility. The support and resistance levels suggest that the price could face challenges around $4.794 if it attempts to rise, while $4.522 serves as a critical support level