### EigenLayer Faces Continued Downtrend Amid Market Volatility

EigenLayer has experienced significant declines, with its price dropping by 5.68% against the US Dollar in the last 24 hours. The cryptocurrency has underperformed against BTC and ETH, decreasing by 5.96% and 6.65% respectively. Currently trading at $3.70, EigenLayer is 22.82% below its predicted value for October 15, 2024.

Over the past month, EigenLayer has plummeted by 67.00%, reflecting a bearish sentiment in the market. Key support levels are identified at $3.47, $3.28, and $2.94, while resistance levels are at $4.01, $4.35, and $4.54. The Fear & Greed index is at 39, indicating a market sentiment of fear.

Despite a short-term prediction of a 29.60% increase, the overall outlook remains pessimistic. Investors are advised to exercise caution due to the high volatility and negative market sentiment surrounding EigenLayer.