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EigenCloud (previously EigenLayer) has seen its token, EIGEN, surge to levels not reached since February, propelled by the announcement of the EIGEN Google Cloud partnership. The cryptocurrency broke decisively through two resistance zones, first clearing $1.60–$1.65 before pushing above the more critical $1.75–$1.80 level.
This move ended months of stagnation, with EIGEN breaking out of the $1.00–$1.80 trading range it had occupied since May. At press time, EIGEN was trading above $1.80, marking a notable structural shift in its price chart.
Still, short-term caution is warranted. Technical indicators show the Relative Strength Index (RSI) near 71, suggesting overbought conditions. Analysts point to $1.75–$1.80 as immediate support, with a more resilient base around $1.65–$1.70, where the 38.2% Fibonacci retracement and the 7-day simple moving average converge.
“The breakout is technically significant, but sustainability will depend on whether the $1.65–$1.70 support holds,” — Michael van de Poppe, crypto market analyst, via X (formerly Twitter).
The latest rally was catalyzed by EigenCloud’s announcement that it will serve as a launch partner for Google Cloud’s new Agent Payments Protocol (AP2). The initiative establishes a standardized framework for AI agents to transact securely and verifiably.
According to Sreeram Kannan, founder of EigenCloud, the protocol aims to build a “global verifiable economy” in which AI agents coordinate, transact, and prove accountability both to humans and to each other.
“Trust and verification are essential for scaling agentic commerce. The EIGEN Google Cloud partnership ensures participants can prove their actions transparently,” — Sreeram Kannan, EigenCloud founder, in a project blog post.
By integrating into AP2, EigenCloud positions itself at the center of AI-driven digital commerce, where machine-to-machine transactions are expected to expand rapidly. This vision of verifiable AI transactions has attracted investor attention, directly feeding into the recent EIGEN rally.
The EIGEN Google Cloud partnership has been received positively by both institutional players and retail investors, as it validates EigenCloud’s role in the future of AI-based economies. Analysts suggest the collaboration could accelerate mainstream adoption of EigenCloud’s technology.
“Partnerships with established cloud providers such as Google are crucial because they provide both credibility and scalability,” — Riyad Carey, research analyst at Kaiko, in an interview with CoinDesk.
Investor optimism is reflected in both price movement and trading volumes, with EIGEN registering a double-digit percentage increase over the past week. Market watchers note that EigenCloud’s ability to position itself as a trusted provider of accountability infrastructure could separate it from competitors in the crowded blockchain ecosystem.
The SEC’s cautionary stance on AI-linked crypto assets has not dampened enthusiasm, though experts warn that volatility remains a risk as speculative interest intensifies.
For crypto investors, the EIGEN Google Cloud partnership offers both opportunity and risk. If price action stabilizes above $1.70, analysts believe EIGEN could build momentum for a longer-term uptrend. Conversely, a failure to hold support could see a retracement back toward the $1.50 zone.
Beyond price, the collaboration signals a broader shift: the convergence of blockchain accountability frameworks with AI transaction protocols. If successful, EigenCloud could emerge as a critical infrastructure provider for what some describe as an “AI-driven economy.”
Looking ahead, developers plan to expand EigenCloud’s functionality within AP2, with pilot programs expected in late 2025. Investors and policymakers alike will be watching closely to see whether these integrations deliver on the promise of scalable, verifiable agentic commerce.
“The EIGEN Google Cloud partnership is more than just a price catalyst—it’s a signal that blockchain verification will underpin the next wave of AI innovation,” — Kavita Gupta, venture capitalist and founder of Delta Blockchain Fund, in remarks to Bloomberg.
As with all crypto projects, regulatory clarity and sustained adoption will determine whether EIGEN’s breakout is a temporary surge or the start of a longer trajectory. For now, the EIGEN Google Cloud partnership stands as a milestone that has thrust EigenCloud back into the spotlight.
