EIGEN price structure turns bearish — conviction 76/100 on a single tell
On‑chain structure just flipped bearish on EIGEN. The price‑structure detector fired cleanly on Ethereum, meaning the pattern of swings, support and resistance levels is leaning lower. A single detector is a signal — not yet a narrative — so this is worth noting but not chasing blindly.
MAIN THESIS
Confidence sits at 70%, which tells us the read is plausible but not confirmed by other detectors. When multiple smart‑money detectors fire together, that’s where conviction lives. Right now it’s a watch‑and‑wait print, not a cluster.
