Ethereum

Satoshi

Resistance

Ethereum Name Service

Coin

<p>Ethereum Name Service (ENS) has been listed on a major exchange platform which might lead to price gains. Moreover, this development comes as ENS shows strong bullish potential after a prolonged period of consolidation. Analysts are watching its market movements, predicting major price performance soon.</p>
<h3 class="wp-block-heading" id="strong-upbit-s-latest-addition-strong"><strong>Upbit’s Latest Addition</strong></h3>
<p>Crypto exchange Upbit recently <a href="https://x.com/Official_Upbit/status/1810597719142289509" target="_blank" rel="noopener noreferrer nofollow">announced the listing</a> of Ethereum Name Service (ENS) on its platform. This move is expected to trigger interest from the Korean market.&nbsp;</p>
<p>Crypto analyst Batista, <a href="https://x.com/cryptobatista/status/1810610679885496591" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> the potential for heightened activity, stating, <em>“Upbit is listing $ENS! Korea’s FOMO will be kicking in. Time to dust off the 2+ year-old ENS accumulation.”</em></p>
<h3 class="wp-block-heading" id="strong-ethereum-name-service-ens-price-analysis-strong"><strong>Ethereum Name Service (ENS) Price Analysis</strong></h3>
<p>Sjuul, a technical analyst from AltCryptoGems, offered a comprehensive analysis of ENS’s market behavior. He pointed out that ENS has been consolidating within a substantial range for over 900 days.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ENS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENS</a> / <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> – TA DEEP DIVE <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24ENS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENS</a> has been consolidating in this massive range for the past 900 days.<br><br>On high time frame, it is trading on a clear bullish market structure.<br><br>It's definitely a coin that should have your attention.<br><br>Follow me below to know more about it.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ES2jJAAxZ5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ES2jJAAxZ5</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1810322363084632512?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He emphasized, <em>“$ENS has been consolidating in this massive range for the past 900 days. On high time frame, it is trading on a clear bullish market structure.”</em></p>
<p>According to Sjuul, ENS is currently in the expansion phase of a key market structure setup. <em>“It’s definitely a coin that should have your attention,”</em> he remarked. The price is trading within a crucial range, indicating potential for a breakout.&nbsp;</p>
<p><em>“Since reclaiming the support level, it started expanding within the green box and pushing towards that untapped resistance level above,”</em> he added.</p>
<h3 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h3>
<p>ENS’s price action reveals a distinct pattern of rebounding from crucial support levels. Sjuul observed the token’s behaviour on shorter timeframes, noting its confinement within a specific range.&nbsp;</p>
<p>He pointed out recent price deviations both above and below this range, suggesting an imminent breakout. <em>“You can expect a range resolution soon,”</em> Sjuul predicted, highlighting the potential for a price move soon.</p>
<p>Furthermore, Sjuul emphasized the critical role of a specific demand zone in maintaining ENS’s upward trajectory. He identified a key area, represented by a grey box in his analysis, where the price has demonstrated strong support.&nbsp;</p>
<p>The analyst pointed out two instances where ENS quickly rebounded after touching this zone. This behaviour, according to Sjuul, underscores the importance of this demand area for sustaining the token’s bullish momentum.</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">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </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><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></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><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-celestia-tia-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Celestia (TIA) Price is Pumping</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-ens-price-action-and-future-prospects-strong"><strong>ENS Price Action and Future Prospects</strong></h2>
<p>With <a href="https://www.coingecko.com/en/coins/ethereum-name-service" target="_blank" rel="noopener noreferrer nofollow">ENS trading at $27.55</a>, it has seen a 10.28% increase in the past day, with a trading volume of $477,541,133, according to CoinGecko. This recent surge in price shows the growing interest and potential of ENS in the crypto market.</p>
<p>The current consolidation and bullish market structure suggest a promising future for ENS. Sjuul’s analysis concludes with a bullish outlook:</p>
<p><em>&nbsp;“With a clear bullish structure and after this massive consolidation, $ENS could break out at any time. Make sure you have it on your watchlist as it can become one of the outperformers once the market resumes the upward trend.”</em></p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<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="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethereum-name-service-price-poised-for-breakout-heres-why-ens-is-booming/" rel="noopener noreferrer nofollow">Ethereum Name Service Price Poised for Breakout: Here’s Why ENS Is Booming</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum Name Service Price Poised for Breakout: Here’s Why ENS Is Booming

Table of Contents

CaptainAltcoin

Muita 9. heinäk. 2024 julkaistuja artikkeleja

Bitcoin Faces Significant Challenges

Bitcoin continues to outperform Ethereum – Is an ETF enough of a catalyst?

Telegram’s Notcoin (NOT) Price Rebounds 68%, Targets $0.0211 Amid Recovery Phase

As Cardano (ADA) and XRP Investors Suffer From Market Uncertainty, CYBRO Referral Program Helped ...

Consensys Launches MetaMask Delegation Toolkit for Enhanced Blockchain Development!

Terraform Labs Announces Strategic Sale Amid Chapter 11 Case

Join our free newsletter for daily crypto updates!