$EIGEN Has been consolidating in this giant triangle after the initial impulse up from the big $ETH bounce. This has come down to much more attractive valuation levels (~$400M circulating market cap with ~$2B FDV) compared to when it launched. I do believe that if ETH continues higher into price discovery somewhere this year, that EIGEN will at some point catch up and act as a solid ETH beta again.
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Bitcoin 's decline intensified, with the price briefly falling below $109,000 at the time of writing, hitting a one-and-a-half-month low. Ethereum's decline was even more pronounced, trading at $4,348 at press time, a 7.73% drop over the past 24 hours.aBitcoin (BTC) continued its bearish trend, falling near the $110,000 mark. wn 5.66%, and Solana (SOL) was trading at $187.45, down 8.50%.
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Ethereum is, as of writing, trading near $4,278.74 as it approaches its Weekly CME Gap between $4,092 and $4,261. Price action around this level is now expected to determine Ethereum’s short-term market direction in the coming weeks. Ethereum Nears Weekly CME Gap Fill Crypto analyst Rekt Capital noted, “$ETH Ethereum really isn't far away from filling its Weekly CME Gap (green). The CME Gap is located between $4,092-$4,261.” This statement placed renewed focus on Ethereum’s position near the gap zone. Source: Rekt Capital via X
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