Ethereum

Resistance

Ethereum Name Service

Shiba Inu

<p>Ethereum Name Service (ENS) allows users to convert complex Ethereum addresses into easy-to-remember names, enhancing the usability of Ethereum-based services. With increased adoption, the ENS token has seen significant gains. The price has risen by more than 10% today, but technical indicators suggest there may be more upside ahead.</p> 
<p><strong>Breaking Out with Momentum </strong><br>From a technical perspective, the ENS token broke out above a descending trendline two days ago and held support around that breakout level yesterday on a retest. So far today, the price has continued surging higher, moving from $17.8 up to $19.7. This momentum indicates the price may be heading for the top of its recent descending channel around $26.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p><strong>Bulls in Control </strong><br>The daily Relative Strength Index (RSI) supports further gains. With an RSI above 50, bulls have taken charge. And at 58 currently, the index remains well below the overbought level near 70, leaving ample room to extend the uptrend.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-1024x465.png" alt="" class="wp-image-428369" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-747.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong>Critical Resistance Ahead </strong><br>Additionally, Fibonacci levels show $21-$22 could offer significant resistance where bulls must push through to reach the $26 target. But indicators currently favor the bulls in the near term.<br>Critical Resistance Ahead Additionally, Fibonacci levels show $21-$22 could offer significant resistance where bulls must push through to reach the $26 target. But indicators currently favor the bulls in the near term.</p> 
<p>In summary, while ENS fundamentals improve amid growing adoption, technicals suggest there is more upside potential before the current price surge stalls out.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/can-ripples-xrp-reach-1000/" target="_blank">Can Ripple’s XRP Reach $1,000?</a></li> 
 <li><a href="https://captainaltcoin.com/why-is-altlayer-alt-price-pumping/" target="_blank">Why is AltLayer (ALT) Price Pumping?</a></li> 
 <li><a href="https://captainaltcoin.com/rebel-satoshis-rising-popularity-challenges-top-meme-coins-dogecoin-and-shiba-inu/" target="_blank">Rebel Satoshi’s Rising Popularity Challenges Top Meme Coins Dogecoin and Shiba Inu</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-ethereum-name-service-ens-up-technicals-suggest-surge-isnt-over-reveals-critical-levels-to-watch/">Why Is Ethereum Name Service (ENS) Up? Technicals Suggest Surge Isn’t Over, Reveals Critical Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Is Ethereum Name Service (ENS) Up? Technicals Suggest Surge Isn’t Over, Reveals Critical Levels to Watch

Table of Contents

CaptainAltcoin

Other articles published on Jan 26, 2024

Analyst Jason Pizzino Predicts Potential Explosive Bitcoin Rally After Resistance Break

Bitcoin Witnesses Mystical $280 Million Transfer as BTC Price Teases Pump

Crypto and AI: The Future of Energy Consumption

Expert’s Advice: Before Jumping on the Ethereum Classic, Consider the Prospects of Borroe Finance

UK Supreme Court Rules Against Satoshi Nakamoto Immitator

7 Reasons To Buy Solana (SOL) This Year

Join our free newsletter for daily crypto updates!