$EIGEN โ Pressure Is Buildingโฆ and the Chart Is Finally Cracking โ ๏ธ
Restaking hype canโt defend price when the market turns heavy โ and right now,
$EIGEN is feeling pressure from every direction.
Ethereum failing to hold the $3150 level didnโt just hurt ETHโฆ it hit confidence across the entire restaking sector. Sentiment flipped, capital rotated out, and EIGEN is now paying the price ๐ฌ๐
Then came the blow that markets hate most:
36.8M tokens unlocked (โ9.7% of circulating supply) โ more supply + shaky confidence = selling pressure intensifying. The H4 chart confirms it โ price broke below the $0.386 support, and momentum isnโt stabilizingโฆ itโs weakening further.
RSI sitting under 40 tells the truth nobody wants to hear:
This isnโt a โdipโโฆ itโs a controlled downtrend ๐ง โก๏ธ
If sentiment doesnโt improve and ETH keeps bleeding, a deeper correction toward $0.34 looks highly probable in the short term.
๐ Futures Short Setup Entry: $0.408 โ $0.415
๐ฏ Take Profit (3%): $0.395
๐ก๏ธ Stop Loss (1.5%): $0.421
Right now, the market isnโt rewarding hopeโฆ
Itโs rewarding discipline. ๐ฅถ
Sometimes the strongest play isnโt betting on recovery โ
Itโs recognizing when the trend has already chosen its direction.
#EIGEN #CryptoTrading #Bearish #ShortSetup #MarketSentiment