🔎 What is EigenLayer ?
EigenLayer is a restaking protocol built on Ethereum that aims to enhance network security and scalability by allowing validators to reuse their staked ETH or other liquid staking tokens (LSTs) to secure additional decentralized applications (dApps) and services.
This innovative approach provides a way for Ethereum's existing security to be "recycled", making it easier for new projects to launch with a high level of security without building their own validator networks.
Key Features :
Restaking : Allows ETH stakers to earn additional yield by securing multiple services.
Security Scaling : Strengthens the overall security of Ethereum's ecosystem by reusing existing validator resources.
Flexible Staking : Supports a wide range of tokens and assets, increasing the capital efficiency of the Ethereum network.
📈 Technical Analysis (4H Chart)
Looking at the 4H chart, we can see a classic bullish structure forming :
Strong Bounce from Bull OTE – The recent rally came after a clear divergence and a tap into the Bull OTE, suggesting a high-confidence reversal.
Next Key Levels – Immediate resistance sits around $1.40 (local swing high), with the next major level around $2.20 and potentially $3.40 if the momentum continues.
Support to Watch – The Bull OTE and FVG 1D around $0.90 - $1.05 should act as a solid support zone if the market pulls back.
📊 Short-Term Outlook
With this kind of momentum, the short-term outlook for EIGEN remains bullish, but a healthy retracement to the $1.00 - $1.10 area could provide a solid reloading zone before the next leg up.