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<p>Ethereum Name Service (ENS), the blockchain domain name provider, has seen its token price surge over the last 24 hours amid growing anticipation of renewed upside for Ethereum (ETH) itself.</p>
<h3 class="wp-block-heading" id="key-takeaways">Key Takeaways</h3>
<ul>
 <li>ENS token is up&nbsp;<strong>50%</strong>&nbsp;in the last 24 hours to $21.68.</li>
 <li>Volume over the past 24 hours topped&nbsp;<strong>$454 million</strong>.</li>
 <li>Gains accelerated after Vitalik Buterin commented that ENS should expand Layer 2 accessibility.</li>
</ul>
<p>The ENS token has mounted a massive 2-day rally totaling over 75%, significantly outpacing the wider crypto market.</p>
<p>In his recent tweet, analyst Crypto Bull 360 <a href="https://twitter.com/CryptoBull_360/status/1745022036643307916" target="_blank" rel="noopener noreferrer nofollow">pointed </a>to the ENS token gearing up to break out above its current horizontal resistance zone around $18. He argued ENS technology remains underrated while calling for an Ethereum bull run to also ignite the token.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-1024x520.png" alt="" class="wp-image-418205" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-1024x520.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-300x152.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-767x389.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-1536x779.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-2048x1039.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-296x150.png 296w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-690x350.png 690w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273-788x399.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-273.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The mounting upside momentum aligns with his bullish outlook, with ENS just hitting a 24-hour peak above $21.6. He highlighted that the key technical resistance zone is close to being overtaken by this surge.</p>
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<p>The accelerating gains come after Ethereum creator Vitalik Buterin recently called for ENS to expand onto multiple Layer 2s to “make ENS super-important” and “affordable!”</p>
<p>ENS has indeed surged anew since his January 3 tweet, benefiting from optimism around Ethereum’s adoption continuing to rapidly spread. With ENS a critical piece of ecosystem infrastructure and progress, its growth prospects appear intertwined with the underlying Ethereum bull run predicted.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-ethereum-name-service-ens-price-up-by-50/" rel="noopener noreferrer nofollow">Why is Ethereum Name Service (ENS) Price Up By 50%?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Ethereum Name Service (ENS) Price Up By 50%?

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