Bithumb Renames EigenLayer (EIGEN) to EigenCloud
- Renaming Announcement: South Korean cryptocurrency exchange Bithumb has announced the renaming of the digital asset EigenLayer (EIGEN) to EigenCloud, effective today at 9:00 a.m. UTC, reflecting potential strategic shifts or technological upgrades for the project.
- Automatic Conversion: Users holding EIGEN will not need to take any action as Bithumb will automatically convert their tokens to EigenCloud, ensuring a seamless transition in trading pairs, although the market may experience temporary liquidity impacts due to the introduction of the new ticker.
- Market Impact: As a protocol that allows users to restake on Ethereum, EigenLayer has garnered significant attention in the DeFi space, and this rebranding may influence market sentiment, even though the underlying value is not directly affected.
- Industry Context: The renaming is specific to Bithumb, and it remains unclear whether other exchanges will follow suit; however, this move may signal broader strategic developments, particularly localized adjustments in the Korean market.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000209 | 0.000216 | 0.000224 | 0.000232 | 0.00024 | 0.000247 | 0.000255 |
| Fibonacci | 0.000216 | 0.000222 | 0.000226 | 0.000232 | 0.000238 | 0.000241 | 0.000247 |
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