Summary
EigenLayer is pioneering “restaking” on Ethereum, letting ETH holders earn extra yield by securing multiple protocols at once. Despite enabling a new wave of DeFi innovation, EIGEN trades at just ~$0.93—over 80% below its all-time high—making it a prime candidate for outsized future gains. Below you’ll find its latest metrics, macro drivers, technical picture, and a precise entry/exit plan.
🔍 Why EigenLayer?
Restaking Innovation
EigenLayer unlocks new security models by allowing ETH stakers to “opt in” to secure other networks and apps, capturing novel protocol fees
Massive Total Address Growth
Over the past week, active EIGEN addresses rose from ~240K to ~263K, signaling growing developer and user interest
Low Market Valuation
Market cap sits at ~$255 M, dwarfing comparable emerging protocols and offering a steep upside if restaking takes off
📊 Key Metrics (Apr 30, 2025)
Metric
Value
Current Price (USD)
$0.97
24H Change
+1.10%
24H Volume
$32.56 M
Market Cap
$255 M
Circulating Supply
263,477,469 EIGEN
All-Time High
$5.66 (Dec 2024)
52-Week Range
$0.91 – $1.02
Fear & Greed Index
56 (Greed)
50-day SMA
$0.99
📈 Technical Analysis
Support Zone: $0.91–$0.94 (week-long consolidation, CoinGecko data)
Immediate Resistance: $1.02 (recent weekly high)
Bullish Signal: Price above 50-day SMA ($0.989) indicates medium-term uptrend
On-Chain Sentiment: Neutral-to-greedy at 56, suggesting still room to run before overbought
🎯 Trade Setup
Action
Level
Notes
Entry
$0.94 – $0.97
Buy on pullback into strong support zone
Stop-Loss
$0.88
Below 200-day SMA and April consolidation low
TP1
$1.10
Breakout above $1.02 → retest
TP2
$1.30
Psychological level + 350 % rally confirmation
TP3
$1.66
100 % gain from current, mid-range of all-time high
🧠 Key Risks & Catalysts
Risk: Slow adoption of restaking → continued sideways price action.
Catalyst #1: Major protocol launches on EigenLayer → surge in demand.
Catalyst #2: Institutional restaking products (ETFs, funds) debut → institutional flows.
EigenLayer sits at the crossroads of DeFi 2.0 and Ethereum’s security model—if restaking becomes the next big wave, EIGEN could easily see 5× moves. Keep this setup locked, and trade it with precision. Good hunting.
