Overview of EigenLayer (EIGEN)
EigenLayer (EIGEN) — protocol token for restaking on the Ethereum blockchain, launched in October 2024. EigenLayer allows the use of already staked ETH to secure other decentralized applications (AVS, Actively Validated Services) through restaking, increasing capital efficiency. EIGEN is used for governance, staking, and payment for services in the ecosystem, including the new product EigenCloud, a platform for verifiable applications, AI, and cross-chain operations.
- Price (June 25, 2025): ~$1.20–$1.30 (according to crypto.news, ainvest.com).
- Market capitalization: ~$240–$260 million (ranking ~500–600).
- Trading volume (24h): ~$50–$80 million, a decrease after the peak in December 2024.
- News:
- Launch of EigenCloud (June 17, 2025) with a $70 million investment from a16z to support verifiable applications, including EigenDA, EigenVerify, and EigenCompute.
- Partnership with Renzo Protocol and Concrete for institutional restaking vaults (June 19, 2025).
- Collaboration with Sentient to create verifiable AI for DAOs (June 23, 2025).
- Introduction of Redistribution Feature on testnets (Holesky, Sepolia, Hoodi) with plans to launch on the mainnet in July 2025, allowing the redistribution of slashed funds for credit and insurance protocols.
- The TVL of EigenLayer reached $12 billion, making it the largest restaking protocol on Ethereum.
## Technical analysis
- Current situation: The price of EIGEN has fallen by 71% from ATH ($5.65, December 2024) and is trading at $1.20–$1.30, recovering by 144% from the low of $0.6688 (April 8, 2025). A symmetrical triangle is visible on the daily chart, with support at $1.15 and resistance at $1.41. Bullish divergence on RSI indicates a potential breakout.
- Key levels:
- Support: $1.15–$1.20 (50-day SMA).
- Resistance: $1.41, then $1.94.
- Indicators:
- RSI (daily): ~47, neutral zone, with bullish momentum.
- MACD: Neutral, hinting at a bullish crossover.
- SMA: Price around 50-day SMA ($1,189), below 200-day ($1,874).
- Volumes: Decreased from $100 million (December 2024) to $50–$80 million, but increased activity after the launch of EigenCloud.
- Chart: The price tests $1.20 in a triangle. Closing above $1.41 may raise the price to $1.94. Check TradingView (EIGEN/USDT) or CoinMarketCap.
## Fundamental factors
- Positive:
- Leadership in restaking with TVL $12 billion and support of $170 million from a16z.
- EigenCloud expands opportunities for developers, including AI, DeFi, and Web2 applications.
- Partnerships with Renzo, Sentient, Polymarket, and Chainlink CCIP strengthen the ecosystem.
- Active community on X: 65% bullish sentiment after the launch of EigenCloud.
- Risks:
- High volatility: drop of 8.63% over the week and 4.84% over the month.
- Competition with Symbiotic, Celestia, and Avail in modular blockchains.
- Criticism on X for high initial FDV ($15 billion) and insider sales.
- Token unlock (total emission 1.67 billion, 200 million in circulation) may increase pressure.
## Recommendations
- To traders: Buy while holding $1.20 (target $1.41–$1.94, stop-loss $1.10). Sell on break below $1.15 (target $0.90). Watch volumes and news about EigenCloud.
- To investors: EIGEN is promising due to restaking and AI, but high volatility and competition create risks. Watch for news on TVL and mainnet upgrades.
- Monitoring: Follow X (@eigenlayer, @sreeramkannan) and charts on TradingView.