Ethereum

Million

Ethereum Name Service

<ul class="list-ic vertical">
 <li><span>1</span> <a>Ethereum Name Service (ENS) is trading above the key moving averages showcasing bullishness on the daily chart.</a></li>
 <li><span>2</span> <a>ENS crypto is up by almost 79% this week showcasing buyers are active in the crypto.</a></li>
</ul>
<p><strong>ENS </strong>is trading in the bullish zone above the important EMA levels. The cryptocurrency had surged by almost 79.37% last week showcasing buyers are active in the crypto. Moreover, the analysts are looking positive on the crypto.</p>
<p>Looking at the <a href="https://www.thecoinrepublic.com/2024/05/24/algorand-fires-shots-at-giants-like-ethereum-solana-and-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> Name Service price chart, it is evident that the price is approaching a significant resistance level. There has been a substantial increase in trading volume over the past few days.</p>
<p>If the current candlestick manages to break out and sustain above the major resistance level of $25, it may instill confidence in buyers.</p>
<h2 class="wp-block-heading" id="strong-ethereum-name-service-price-and-volume-growing-strong"><strong>Ethereum Name Service Price and Volume Growing</strong></h2>
<p>Ethereum Name Service Price and volume have spiked in recent times. The volume reached from 36 million it spiked to 356.48 Million and the price surged from $12 to $25 within a month.</p> <iframe loading="lazy" title="Santiment Chart: Price (ENS), Volume (ENS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ethereum-name-service&amp;pt=ENS&amp;df=2023-12-29T00%3A00%3A00.000Z&amp;dt=2024-05-27T18%3A29%3A59.893Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%2392a3ec&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The data indicates a significant increase in trading volume and a strong performance of ENS over the past week. If the trading volume remains stable, a breakout from the channel can be anticipated.</p>
<h3 class="wp-block-heading" id="strong-technical-analysis-of-ethereum-name-service-price-strong"><strong>Technical Analysis of Ethereum Name Service Price</strong></h3>
<p>The price of ENS has been moving within a parallel channel for an extended period, as seen in the price chart structure.&nbsp;</p>
<p><strong>ENS</strong> has encountered significant resistance at the $25 mark on two occasions. At present, the buyers have managed to push the price up to the critical resistance level of $25.</p> 
<p><a href="https://in.tradingview.com/chart/ENSUSDT/J6GYe4ar-ENS/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/u/writer12_gsm/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>The price of ENS has been stable at around $12 for the past month and recently broke out from key moving averages, leading to a strong bullish momentum. In just one week, the ENS price has surged by approximately 80%, indicating strong bullish activity.</p>
<p>Currently, the <strong>ENS crypto</strong> is trading at $2570, showing a 0.50% decrease over the past 24 hours. The market cap stands at $810,107,273, with a fully diluted market cap of $2.65 Billion. The 24-hour trading volume is $322.00 Million.</p>
<h3 class="wp-block-heading" id="strong-indicators-suggest-a-bullish-scenario-strong"><strong>Indicators Suggest a Bullish scenario</strong></h3>
<p>At the time of writing, the <strong>ENS crypto price</strong> is trading above the key moving average according to the technical indicators.<br><br>The RSI is at 78, signaling that it has entered the overbought zone quickly. Overall, the technical indicators are indicating a strong bullish momentum.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p><strong>Ethereum Name Service (ENS)</strong> has experienced a significant surge in price, increasing by almost 79% in a week and reaching $25. The cryptocurrency is currently trading at $2570 with a 0.50% decrease over the past 24 hours. The market cap is $810,107,273, with a fully diluted market cap of $2.65 Billion, and the 24-hour trading volume is $322.00 Million. Technical indicators suggest a strong bullish momentum, with the RSI at 78, indicating that it has entered the overbought zone.</p>

Ethereum Name Service Breaks $25; Will ENS Smash $30 Level?

Table of Contents

Thecoinrepublic.com

Other articles published on May 27, 2024

Market Experts Predict These Altcoins Will Make You A Crypto Millionaire With Small Investments

XRP Ignores Ripple’s Drama: Experts Say Broader Market Calls the Shots

Nomura partners with GMO to explore stablecoin issuance in Japan

Top 5 Cryptos with Millionaire Potential in 2024: Strategic Picks for Wealth Generation in June

Bitcoin Faces Resistance as May Ends

Caitlyn Jenner’s Meme Coin Promotion Sparks Hack Suspicions

Join our free newsletter for daily crypto updates!