$EIGEN Pumped 15.19% over the last 24h, outpacing the broader crypto market’s +1.76% gain. This follows a 30.57% surge over the past week.
Three key drivers:
Record TVL Growth – Restaking ecosystem TVL hit $28.6B, with EigenLayer commanding 70% dominance.
Technical Momentum – Bullish MACD crossover and RSI14 (61.9) signal growing buying pressure.
EigenCloud Adoption – Developer traction for its verifiable cloud platform post-$70M a16z investment.
Deep Dive
1. TVL-Fundamentals Divergence (Bullish Impact)
EigenLayer’s Total Value Locked (TVL) reached a record $19.7B on September 1, 2025, driven by 190+ Actively Validated Services (AVSs) adopting its infrastructure. Technical upgrades like EigenDA V2 (lower latency for rollups) and slashed asset reuse boosted utility.
What this means:
The 70% market share in restaking signals network effects, but EIGEN’s price had lagged fundamentals—trading near all-time lows despite TVL growth. This divergence likely triggered accumulation by traders anticipating mean reversion (the_smart_ape).
What to look out for:
AVS expansion rates and TVL retention post-upgrades.
2. Technical Breakout (Bullish Impact)
EIGEN broke above its 7-day SMA ($1.42) and Fibonacci 23.6% retracement level ($1.54). The MACD histogram turned positive (+0.031) on September 12, while RSI14 (61.9) avoids overbought territory.
Traders are interpreting the MACD bullish crossover as confirmation of a trend reversal, especially after the token stabilized above the critical $1.50 pivot point. The 24h volume surge (+45.41% to $145M) validates the move.
What to look out for:
A close above the 38.2% Fib level ($1.45) could target $1.67 (swing high).
3. EigenCloud Momentum (Mixed Impact)
EigenCloud, EigenLayer’s decentralized cloud platform, saw increased developer activity after a16z’s $70M token purchase in June 2025. Use cases like verifiable AI agents and onchain insurance are gaining traction.
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