$EIGEN ā Pressure Is Building⦠and the Chart Is Finally Cracking ā ļø
Restaking hype canāt defend price when the market turns heavy ā and right now,
$EIGEN is feeling pressure from every direction.
Ethereum failing to hold the $3150 level didnāt just hurt ETH⦠it hit confidence across the entire restaking sector. Sentiment flipped, capital rotated out, and EIGEN is now paying the price š¬š
Then came the blow that markets hate most:
36.8M tokens unlocked (ā9.7% of circulating supply) ā more supply + shaky confidence = selling pressure intensifying. The H4 chart confirms it ā price broke below the $0.386 support, and momentum isnāt stabilizing⦠itās weakening further.
RSI sitting under 40 tells the truth nobody wants to hear:
This isnāt a ādipā⦠itās a controlled downtrend š§ ā”ļø
If sentiment doesnāt improve and ETH keeps bleeding, a deeper correction toward $0.34 looks highly probable in the short term.
š Futures Short Setup Entry: $0.408 ā $0.415
šÆ Take Profit (3%): $0.395
š”ļø Stop Loss (1.5%): $0.421
Right now, the market isnāt rewarding hopeā¦
Itās rewarding discipline. š„¶
Sometimes the strongest play isnāt betting on recovery ā
Itās recognizing when the trend has already chosen its direction.
#EIGEN #CryptoTrading #Bearish #ShortSetup #MarketSentiment