💀 Hey , how's it going ? Come over here — Satoshi got something for you !
⏰ We’re analyzing EIGEN on the 1-Day timeframe , this coin ranks 132 on CoinMarketCap. It’s a restaking project on the Ethereum network, highly valued and reputable in the DeFi space, and backed by well-known Ethereum developers .
👀 After breaking out of a strong descending channel, this coin moved toward its resistance zone at 1.687 within just three days under strong buying pressure. It was then rejected from this level and formed a bottom at 1.034. This bottom is close to a drawn trendline, and the latest touch of this trendline triggered many buy orders, bringing in significant buying momentum. The key zone for entering a trade is the resistance area that has seen roughly five reactions, each time resulting in rejection. If this daily box breaks, the coin could move to higher price levels.
👑 The 7-day moving average has crossed above both the 25-day and 99-day moving averages, indicating strong buyer power and upward momentum. Moving averages are often used for martingale strategies and as setup confirmations.
⚙️ On the RSI, the key resistance lies around 67.08. A breakout above this level increases the chance of entering the overbought zone, though the major strong resistance is at 70.
🕯 Both trading volume and transaction count are rising, and usually, for coins considered “Ethereum ecosystem projects,” volumes can spike sharply when Ethereum dominance falls.
🔔 We’ve set an alert zone at the 1.687 resistance level. When the price reaches this zone, you can watch the price action and, with confirmation, consider entering a trade.
🖥 Summary : If EigenLayer breaks the 1.687 zone, it could reach much higher price levels. Since it offers a restaking product to the crypto community, it has the potential for strong price surges, as most of its past pumps have happened within just a few candles—even one candle. Don’t forget to set your alert at 1.687 .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing EIGEN on the 1-Day timeframe , this coin ranks 132 on CoinMarketCap. It’s a restaking project on the Ethereum network, highly valued and reputable in the DeFi space, and backed by well-known Ethereum developers .
👀 After breaking out of a strong descending channel, this coin moved toward its resistance zone at 1.687 within just three days under strong buying pressure. It was then rejected from this level and formed a bottom at 1.034. This bottom is close to a drawn trendline, and the latest touch of this trendline triggered many buy orders, bringing in significant buying momentum. The key zone for entering a trade is the resistance area that has seen roughly five reactions, each time resulting in rejection. If this daily box breaks, the coin could move to higher price levels.
👑 The 7-day moving average has crossed above both the 25-day and 99-day moving averages, indicating strong buyer power and upward momentum. Moving averages are often used for martingale strategies and as setup confirmations.
⚙️ On the RSI, the key resistance lies around 67.08. A breakout above this level increases the chance of entering the overbought zone, though the major strong resistance is at 70.
🕯 Both trading volume and transaction count are rising, and usually, for coins considered “Ethereum ecosystem projects,” volumes can spike sharply when Ethereum dominance falls.
🔔 We’ve set an alert zone at the 1.687 resistance level. When the price reaches this zone, you can watch the price action and, with confirmation, consider entering a trade.
🖥 Summary : If EigenLayer breaks the 1.687 zone, it could reach much higher price levels. Since it offers a restaking product to the crypto community, it has the potential for strong price surges, as most of its past pumps have happened within just a few candles—even one candle. Don’t forget to set your alert at 1.687 .
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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t.me/satoshiframe
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.