📈 $EIGEN Showing Strong Recovery – Restaking Narrative Heats Up!

$EIGEN is bouncing back from the recent low at $1.17, now trending upward with increasing volume and momentum. On the 4H chart, RSI has crossed 55, and MACD confirms a bullish crossover, suggesting upside continuation. With strong on-chain restaking activity and EigenLayer’s growing role in Ethereum’s security layer, market sentiment is turning positive again. If $EIGEN holds above $1.25, the next resistance lies at $1.45 (TP1) and $1.65 (TP2), with key support at $1.10 (SL).

Entry Zone: $1.22 – $1.27

Stop Loss: $1.10

Take Profit 1: $1.45

Take Profit 2: $1.65

Indicators: MACD bullish cross, RSI > 55, Bollinger Bands expanding

With restaking and ETH staking narratives rising again, $EIGEN could regain its bullish momentum this week. Keep your eyes on ETH price action and restaking TVL inflow.