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Ensusdtanalysis

Ethereum Name Service ENS price strong but there is a nuanceGiven the media hype surrounding the CRYPTOCAP:ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week #ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle. Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40. 🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively. Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.
by P_S_trade
2
ENSUSDT at weekly resistance, likely to land on weekly supportThe price has moved to the weekly resistance WR1 and got rejected from there on the first attempt and found support on the zone where weekly support WS1 lies. The price made another attempt at the weekly resistance WR1 only to get rejected again. The price is currently trading under this resistance after getting rejected. If the price lands on the support WS1 then it will be a long opportunity again. The next resistance on its way up is weekly resistance WR2 and that will pose significant resistance to the price movement.
by angela_altair
3
ENS/USDT Keep an eye on the resistance, Could ENS Break out ??💎ENS has recently exhibited notable market dynamics. After experiencing a significant bounce from the demand area and facing rejection upon reaching the resistance level, the price is currently in an upward trajectory, encountering a crucial resistance zone. 💎 If ENS successfully manages to break through this resistance, there is a probability of a retracement before advancing towards our designated Bearish OB area. 💎 However, should ENS fail to breach the resistance once more, it could face a rejection, leading to a potential descent back towards the demand area, where a new momentum may be initiated. 💎 The demand area holds paramount significance, as a breakdown from this level would confirm a new lower low, indicative of a bearish trend. In such a scenario, the price could reach the Bullish OB area at 12.2. 💎 The Bullish OB area serves as the last support level for a bullish trend, necessitating a rebound and the reclamation of the price above the demand area if ENS intends to continue its upward movement. Failure to do so could result in a further breakdown, leading to a more substantial decline.
by MyCryptoParadise
1
ENS/USDT Down for retesting phase on the support. Keep on eye!!💎 ENS recently faced a setback, encountering a firm rejection at a critical resistance area. This has led to a retreat towards a previously established support zone, now a focal point for a potential retesting phase. 💎 Market watchers are closely observing whether ENS can demonstrate resilience at this support level, the probability indicated by a bullish candle pattern or a strong bounce. 💎 Should ENS manage to rebound effectively from this support area, it may open the door for another attempt to breach the strong resistance area. Such a move would signal renewed bullish momentum and could significantly impact its market trajectory. 💎 Conversely, if ENS struggles to maintain its footing at the support level and breaches it downward, it could signify a shift back to a bearish trend. A breakdown below this support zone might lead ENS towards a more substantial support area, marking a deeper retracement in its value.
by MyCryptoParadise_Nathan
2
ENSUSDT - I wonder what will happen after this metric#ENS Reasons for possible growth: 1. Whales and their accumulations look "healthy" 2. Network growth. In the case of ENS, "the crowd is buying the fall." Whenever the crowd "buys the fall" - it's gone. Only when the crowd "gives up" can it go in. If the metric doesn't go up much in the next 48 hours - maybe the crowd has given up. I wonder how such a crappy metric will play out. This metric is available to everyone. Graphically you can see the structure of the buyer. In the yellow zone someone is aggregating a position. If on all of the straits ENS will hold, there will be a rally. if not, we will fly to the renewal of the low!
by Artem_Dishel
4