**EigenLayer Faces Continued Downward Pressure Amid Market Volatility**

EigenLayer (EIGEN) has experienced a significant decline, losing 7.15% against the US Dollar in the past 24 hours. The cryptocurrency has also underperformed against Bitcoin (BTC) and Ethereum (ETH), with losses of 7.68% and 7.10% respectively. Currently trading at $3.29, EIGEN is 25.70% below the predicted price of $4.43 for October 10, 2024.

Over the last month, EigenLayer has seen a dramatic drop of 70.65%, reflecting a broader bearish trend in the market. The sentiment remains negative, with 77% of technical indicators signaling further declines. Key support levels are identified at $3.36, $3.12, and $2.97, while resistance levels are at $3.75, $3.91, and $4.14.

Despite a neutral Fear & Greed index reading of 49, the overall market outlook for EigenLayer remains pessimistic. Investors should exercise caution and closely monitor market conditions.