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Ethereumnameservice

Will #ENSUSDT Explode or Collapse Soon? Key Levels to WatchYello, Paradisers! Are you prepared for what could be a massive move on #ENSUSDT? Let's discuss the latest analysis of #EthereumNameService: 💎Currently, #ENS is gaining momentum at the ascending support line, hinting at a bullish push. If the momentum holds, we might see a strong breakout above the triangle, setting the stage for a significant rally. But here's the kicker: we’re not quite there yet. 💎To confirm a genuine bullish move, we need a clear break above the triangle and the internal supply zone at $22.99. This breakout must be accompanied by solid buying pressure—think strong engulfing candles and consistent momentum. Without these signs, jumping in early could be costly. Patience is the name of the game here. 💎But what if the bullish momentum fades? If #EthereumNameService struggles to breach the triangle and the $22.99 level, it might signal waning buyer strength, inviting sellers to take control. The critical area to watch is the lower demand zone at $13.22. 💎This historically strong support level could be our last line of defense for bulls. If the price bounces from $13.22, the bullish outlook could stay intact. But—brace yourself—a break below $13.22 would invalidate the bullish setup and could trigger a sharp decline. Stay patient and only act on the best and high probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
(ENS) ethereum name servicePrice at line, is it an indication of too high, I think so. Also, the price of ENS is kind of expensive if you ask me. I've promoted the aspect of ENS and do feel strongly about the concept as being innovative and creative still the price of Ethereum Name Service is around $160. Does the price of ENS peg to Ethereum like an NFT? I hope not and if so the price for a domain is going to get increasingly expensive. To buy ENS domains you need to pay in ETH. That's fine, that's the point of defi anyway, right. Why isn't the price of ENS something more like $100? I'm not fascinated by the aspect of yearly fees to own an ENS domain name. Why is the ENS user domain purchase not lifetime?
COINBASE:ENSUSDShort
by CryptocurrencyBlot
Deep Dive into ENS: Full Review of the Project and ENS V2📅 Let's move on to today's analysis. Today, I want to analyze the ENS coin, which is part of the Ethereum ecosystem. With this project, you can buy a domain for your wallet. 🗂 ENS v2 Update : Recently, ENS published an article and introduced the v2 update of the project, announcing that they have added a series of new features to their platform. By collaborating with L2 projects, they aim to reduce fees, increase flexibility, utilize multi-chain capabilities, and make their service more accessible, user-friendly, and cost-effective for everyone, playing a more significant role in the web3 space. ⚙️ How the Project Works : Let's dive deeper into the project and visit its website. The first image you see on the site is a very beautiful landing page. By clicking on "Launch App," you can enter the main space of the platform. 🧩 After launching the app, you need to connect your wallet to the site and search for your desired ID in the search bar. If the domain is available, you can purchase it. If it is registered, it means someone else has already bought it before you. As you can see in the example I searched for, "parham96.eth" has already been registered, but "parham96.box" is still available and hasn't been purchased yet. 🛍 After finding your desired domain, you need to confirm the transaction sent to your wallet. Currently, the cost of this operation, considering the Ethereum network fee, is about $6 for a one-year subscription. According to the project, after the v2 update, these costs will be lower. 🎈 After purchasing, to access the details of your purchased domain, click on the "My Names" section (I prefer not to show you an image of this section due to the privacy of my wallet). You can: 👤 Add a profile picture for your wallet, write a bio, and connect your social media accounts from the profile section. ⚡️ Add another address to your domain from the record section. 🎲 Change the owner of the domain or renew it from the ownership section. 🌐 Create a subdomain for yourself just like websites from the Subname section. ⚓️ Use the permission and more sections to apply other desired settings to your purchased domain. 🌱 Usefulness of the Domain : For example, the "parham96.eth" domain is mine. In this case, I don't need to send my wallet address to someone who wants to transfer to me for each transaction. Just replacing the destination wallet address with the "parham96.eth" phrase will direct the funds to the same wallet. If you search for this domain on Etherscan, you can see it is registered on the blockchain and that the ownership of the domain is also viewable as an NFT in your wallet. 🔄 Renewing the Domain: Click on "Extend," then click "Next," followed by "Open Wallet" to create a transaction. Confirm the transaction through your wallet to renew the domain. ✨ ENS Coin : The ENS project also has a very well-known coin named ENS, which is among the top 100 coins in the market with an $800 million market cap. It is listed on all reputable exchanges, making it a successful project that can achieve even greater success with the launch of ENS V2. 🔍 Technical Analysis : In the daily timeframe, after the price reached a peak of 27.61, the market entered a range, with the price oscillating between 16.58 and 27.61. Following Bitcoin's significant drop, this coin also dropped to the 12.24 area. However, with the announcement of ENS V2 and collaboration with L2 projects, it started an upward movement and returned to the 27.61 area, even briefly breaking this level before returning below it in a fake breakout. 💥 Current Momentum : The price currently lacks momentum. After the fake breakout, there should have been a bearish momentum, but nothing has happened, and the market is still ranging. 📊 Volume Analysis : The volume clearly supports the buyers, as the buying volumes significantly exceed the selling volumes. In the recent bullish candles, the selling volume has significantly decreased. 🧲 Indicators : Due to the ranging market and lack of momentum, I am not using SMAs. However, a break below 43.36 on the RSI would confirm bearish momentum entering the market. 🛒 Long Position : The price has tested the 27.61 resistance six times so far, with increasing buying volume. Given the positive sentiment around ENS V2, it is possible that a few days before the launch, the price will stabilize above this level with a large bullish candle, leaving many behind. 🛎 Short Position : On the other hand, buyers may lose interest in breaking this resistance after six attempts, allowing sellers to enter the market and push the price down. ⚖️ Investment Strategy : If you believe ENS is a good project and that ENS V2 can generate bullish momentum in the market, consider adding this coin to your portfolio and purchasing it according to your strategy. 🎯 Target Prices: If the project succeeds and gains more hype, the initial target prices are 38.10 and 49.27, with the next target being the ATH of 75.80. 👨‍💻 Futures Trading : 📈 For a long position, a candle close above 27.61 in the 4-hour timeframe can confirm an upward trend. You can look for an entry trigger in the lower timeframes like 1-hour, with a target of 32.83. 📉 For a short position, a break below 23.30 and a candle close beneath this level can confirm a downward trend, with a target of 18.94. ♟ Personally, I will try to open a long position on this coin once the price stabilizes above 27.61. For short positions, I prefer to trade a coin with negative news and lacking a strong upward trend like ENS. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2
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
ENS Analysis: Spot Purchase in a Bearish Market?🔍Let's dive into today's analysis. Today, I want to analyze the ENS coin in the weekly timeframe, which could present a suitable opportunity to add this coin to your spot portfolio. 👑 Bitcoin Analysis 📈 As usual, let's first look at Bitcoin. Bitcoin has finally lost the support at 64429, and new downward momentum has entered the market. Currently, the first obstacle for Bitcoin's decline is at 63292, but it doesn't seem likely to hold off the bearish momentum. Bitcoin will probably move towards the 60681 support. ⚠️ If it finds support at this level, we need the market to create a new structure for a long position. If you already have a position, it's advisable to secure profits. For short positions, you can open one upon breaking 63292. ⏳ In the short term, we are likely to wait for the SMA7 to reach the candles, bringing new momentum into the market. The next trigger for RSI confirmation is the 30 level. Once this level breaks, it can confirm the entry of bearish momentum, likely leading to sharp downward candles. ENS Analysis 🌐 Now, let's move on to ENS (Ethereum Name Service). I've previously explained this project in past analyses. ENS stands for Ethereum Name Service, which assigns a domain to your wallet to make asset transfers easier, similar to how a domain makes website navigation easier compared to using an IP address. Weekly Time Frame 📅 In the weekly timeframe, as you can see, there's a very strong bullish candle. If it can close above the 26.39 resistance, it indicates that buyers have substantial power in this coin. After starting its upward movement and reaching the 26.39 resistance, it corrected to the 0.5 Fibonacci level, forming an accumulation zone. The POC Volume Fixed Range overlaps with this zone, pushing the price back up towards the 26.39 resistance. The buying volume has increased significantly over the past weeks, and now it is ready for a substantial upward movement. The SMA7 is also supporting the price well, maintaining the momentum in this coin. 🎯 The target for this movement can be, firstly, the 1 Fibonacci extension at 44.87 and, secondly, the 1.618 level at 93.98. These targets can be easily reached if sufficient volume enters this coin. Breaking 66.25 in RSI can provide the necessary momentum for the price to move towards these levels. 🚫 If a candle closes below 20.58, the bullish scenario fails, and a new structure is needed to consider buying this coin. ENS/BTC Analysis 🪄 Now, let's explore why I'm recommending buying this coin for spot purchases in a bearish market. This chart shows ENS/BTC, the ratio of ENS to BTC. As you can see, it is breaking the resistance at 0.0003473 and can move up to 0.0005745. The SMA25 is also supporting the price well, bringing momentum into the market. The targets for this upward movement are 0.0005745 and 0.0010319. 📝In summary, despite the overall bearish momentum in the market, ENS presents a strong opportunity for spot purchase. The technical indicators and volume trends suggest a potential upward movement. If key resistance levels are broken and the RSI supports the trend, significant gains could be achieved. However, caution is advised, and it's important to watch for key support levels to avoid potential losses. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
4
ENSUSD Major rally to $70.00 starting.Ethereum Name Service (ENSUSD) is on the 2nd straight green 1W candle, which is the 5th in the last 6 following the rebound on the 1W MA50 (blue trend-line). The long-term pattern is a Cup and Handle and the latest 1W MA50 rebound is the handle completion. The symmetry is very strong so we expect a new rally to be initiated and target at least $70.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ENSUSDLong
by TradingShot
📈Market Analysis and ENS Coin Review🔍🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin. 📆 Today's Coin: ENS Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS has the potential for significant upward movement. 🗂 About the ENS Project ENS, which stands for Ethereum Name Service, provides domain names for Ethereum wallets, making asset transfers easier. Similar to how domain names simplify website navigation, ENS domains facilitate the easy identification and transfer of assets. 🧩 Chart Analysis After reaching the resistance at 26.39, ENS entered a ranging phase. From the beginning of 2024 to mid-April, it remained within a box between 16.55 and 26.39. It then broke downwards, reaching the 0.618 Fibonacci level, which coincided with a trendline on the chart, forming a support at 13.19. Following a month of consolidation, ENS broke above 16.55 and reached 26.39 again, where it is currently consolidating. 📊 Volume Analysis During the recent upward movement, volume increased significantly, indicating strong trader interest in ENS. Following the test of the 26.39 resistance, the volume started to decline, which is typical as the market decides its next move. 🪄 Indicators and Oscillators The RSI oscillator entered the overbought zone coinciding with the resistance at 26.39. If the RSI breaks the next overextended level at 79.01, it would indicate sustained momentum, potentially allowing the price to break 26.39 and target 38.34. Conversely, exiting the overbought zone might signal the activation of a bearish divergence, but this needs confirmation through new market structures. 👨‍💻 Futures Trading 📈 Long Position : For a long position, entering after a break above 26.39 is advisable. Identifying a trigger in lower timeframes might be challenging, but if the price stabilizes above this level, it could yield substantial profits. 📉 Short Position : For a short position, the primary triggers are at 16.55 and 13.19, which are currently far from the price. However, a risky short position could be considered at 22.59 if volume starts increasing on the sell-side and RSI activates its divergence, indicating a temporary loss of bullish momentum. 🛒 Spot Trading For spot trading, a break above 26.39 on the daily timeframe is a good entry point. Upon confirmation with a bullish candlestick, you can proceed with the purchase. If you already hold ENS, consider setting a stop-loss below the 13-dollar range. The initial target, if 26.39 is broken, is 38.34. 📝In summary, the analysis provided is based on current market conditions and chart data. Always cross-reference your analysis with other reliable sources and make your final trading decisions based on your personal strategy and market conditions. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
📈Analysis for Potential Long and Short Positions in ENS✨🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market movements. 🔄Bitcoin has activated its trigger yesterday, signaling market activity. Therefore, I've identified ENS (Ethereum Name Service) as a coin still holding its support. ENS allows users to convert Ethereum addresses into unique NFTs, simplifying transactions. Feel free to send any funds to my address parham96.eth; it's my pleasure to receive them! ✅Utilizing price action analysis with a classical approach, focusing on breakout patterns, I've conducted an analysis on ENS. 💎A Fibonacci retracement from the previous downturn indicates a correction to 61.8%, suggesting diminished downward momentum. A range box has formed between 0.618 and 0.236 Fibonacci levels, with a ceiling at 16.8 and a floor at 14. This range has tested the 0.5 level twice, forming a Head and Shoulders pattern with neckline support at 14 and a potential first target at 12.45. During range-bound trading, closing positions at risk-to-reward ratios of 2 or 3 is advisable, building a foundation for risk-taking in future trends. Confirmation of trend reversal can be sought through RSI, with a break below 31.47 signaling potential significant price movements. For long positions, a risky scalp entry can be considered upon breaking 14.39, with risk-to-reward ratios emphasizing conservative targets. RSI confirmation below 42.63 can further validate the signal. 📈For long positions, entry confirmation is contingent on increasing buying volume, ensuring logical market participation. 🛒If ENS appears promising to you, please leave a comment for analysis feedback. Moreover, if there's considerable demand for spot buying analysis, I'll provide daily or weekly timeframe analysis for your convenience. ⚡️This analysis aims to equip traders with insights for potential positions, emphasizing risk management and strategic entry points in ENS trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
Google Expands Crypto Visibility with Etherscan IntegrationIn a significant move that underscores its growing interest in the cryptocurrency domain, Google ( NASDAQ:GOOG ) has announced its integration with Etherscan for Ethereum Name Service ( NYSE:ENS ). This collaboration is poised to revolutionize the crypto landscape, offering enhanced visibility and accessibility for Ethereum users worldwide. The integration, unveiled recently, allows Google ( NASDAQ:GOOG ) users to delve deeper into Ethereum transactions by incorporating ENS domains directly into their search results. What began as a feature enabling users to search for specific public addresses and view wallet balances has now evolved into a comprehensive service encompassing ENS domains. This expansion marks a pivotal moment for crypto enthusiasts, streamlining the process of navigating the Ethereum blockchain. Former ENS core team member Brantly Millegan highlighted the significance of this integration, emphasizing its potential to elevate the crypto experience for users. However, while the integration promises greater convenience, some users have reported sporadic availability issues. Notably, the feature appears to function more reliably in private browsing mode or when logged out of Google services, prompting discussions around optimization and accessibility. The enhanced service details offered through Google's integration with Etherscan are poised to transform how individuals engage with Ethereum transactions. Users can now seamlessly search ENS domains and view wallet balances associated with blockchain addresses, all within the familiar interface of Google search results. This not only simplifies the process of conducting transactions but also amplifies crypto visibility, making it more accessible to mainstream users. Yet, amidst these advancements, questions around data privacy and security loom large. As Google ( NASDAQ:GOOG ) deepens its integration with blockchain platforms like Etherscan, stakeholders must remain vigilant about safeguarding user data and ensuring robust security measures. Balancing innovation with accountability will be paramount as these developments reshape the cryptocurrency ecosystem. Beyond Google's collaboration with Etherscan, recent developments within the Ethereum community have captured attention. Reports of the Ethereum Foundation facing scrutiny from a State Authority inject an element of uncertainty into the market, underscoring the need for transparency and regulatory compliance. Meanwhile, updates emanating from the protocol's GitHub repository signal ongoing evolution within the Ethereum ecosystem, reflecting its dynamic nature. Technical Outlook Alphabet Inc. ( NASDAQ:GOOG ) reacted to the integration news by surging 1.95% in Friday's Market trading with a positive Relative Strength Index (RSI) of 65 indicating a strong buying bias. NASDAQ:GOOG is also trading above the 200-day Moving Average (MA). Despite a recent dip in trading volume, Ethereum's live price remains resilient, indicating resilience amidst market volatility.
NASDAQ:GOOGLong
by DEXWireNews
ENS/USDT Primed for a Bullish Journey? 👀🚀ENS Analysis💎 Paradisers, let's focus on #ENSUSDT, as it's currently showcasing a pattern that hints at a potent bullish swing from its demand zone. 💎 Observing #EthereumNameService recent market behavior, we noted a significant 46% drop following a rejection at a major supply level. Despite this, it's shown resilience at the $14.90 demand level, hinting at an upward trajectory. 💎 However, with the price struggling to set new highs or break past previous ones, short-term market sentiment leans towards selling. Yet, the $14.90 mark stands out as a crucial juncture, likely to trigger another strong bullish response upon retesting. 💎 As seasoned traders, we're always thinking one step ahead. If NYSE:ENS doesn't kick off the expected climb from the $14.90 demand level and instead breaks below, we're ready to pivot our strategy. We'd then anticipate a bullish bounce from a lower demand level at $11.72, keeping in mind that falling below this level could lead to further declines.
Long
by MyCryptoParadise_Simon
ENSUSDT Triangle Breakout and 90% Growth PotentialExciting news on the charts for ENSUSDT! So, after what feels like ages, we finally saw ENSUSDT break free from its year-long downtrend trendline. Price then went on to form a Symmetrical Triangle pattern, and at the start of this month, we witnessed the breakout above the triangle, accompanied by a brand-new higher high. Now, what does all this mean? Well, it's screaming bullish vibes! The persistent bullish pressure we're seeing strongly hints at an ongoing uptrend. And if we take a look at the initial upside move, we can make a pretty educated guess about what comes next. Based on the strength of the first wave, it's entirely possible that our next upside target could hit around $44. It conveniently lines up with the 161.8% Fibonacci retracement level. It looks like we're in for quite the ride with ENSUSDT!
Long
by CryptoPAMM
ENS can 30x - Important coin for EthereumENS looks absolutely bullish! We have a great volume on the indicator, as you can see on the chart, which confirms my bullish bias. The price recently broke out of the falling wedge reversal pattern and is now pumping. As per my Elliott Wave analysis, the corrective pattern should be completed. ENS is a very promising coin for the Ethereum Network. 30x is not impossible in 2024/2025. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Ethereum Name Service (ENS)? Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Long
by Xanrox
5
ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
ENS/USDT Assessing Breakout Potential at Key Resistance?🚀ENS 💎 Paradisers, let's zoom in on #ENSUSDT, which is currently showcasing a captivating market scenario. It is actively testing a critical resistance level, hinting at a possible breakout and subsequent bullish move. 💎 #EthereumNameService is in the spotlight, rigorously testing the resistance at $10.80 for the third time. This consistent pressure at the resistance level significantly increases the likelihood of a breakthrough. If ENS successfully overcomes this barrier, it could embark on a bullish journey, setting its sights on the higher resistance target at $14.89. 💎 However, the ever-volatile crypto market demands versatility in our strategies. Should #ENS struggle to conquer the $10.80 resistance, we might need to shift our tactical approach. This could involve gearing up for a bullish recovery from the Bullish Order Block (OB) at $8.28. It's crucial to stay alert: a descent below this OB level might suggest a brewing bearish trend in the market. 🌴💼
Long
by MyCryptoParadise_Simon
1