Eigenlayer (EIGEN/USDT) Eyes Break Above $1.000 Level with Increased Bulls Participation

After weeks of heavy sell-offs and occasional consolidation, EigenLayer, against the Tether, is stepping into the spotlight. The pair has been in a steep downtrend since the beginning of the year, marked by a series of lower highs and lows.

However, recent price action has revealed an attempt at a bullish breakout from a compression zone. This move is followed by a notable volume surge as other indicators on the chart suggest an imminent upside movement.