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Ethereumnameservice

📈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
Why ENS (Ethereum Name Service) Is a Must-Buy in 2024 Certain tokens emerge as key players that not only stand out but also promise significant growth and integration into the broader ecosystem. Ethereum Name Service ( NYSE:ENS ) has recently experienced a remarkable surge of over 50%, reaching a 6-month high of $14.71. This surge can be attributed to none other than Ethereum co-founder Vitalik Buterin, who endorsed NYSE:ENS and highlighted its pivotal role in Ethereum's evolution and DeFi integration. A Cornerstone in Ethereum's Landscape: NYSE:ENS operates as the governance token for the Ethereum Name Service project, a platform facilitating users in acquiring domain names on the Ethereum blockchain. These domain names play a crucial role in simplifying cryptocurrency transactions, providing users with an easier and more intuitive way to transfer and receive funds. With over 2.1 million registered Ethereum-based domains to date, NYSE:ENS has become an indispensable part of the Ethereum landscape. Vitalik Buterin's Endorsement: The recent surge in NYSE:ENS 's value can be directly linked to Vitalik Buterin's endorsement. As a pivotal figure in the blockchain community, Buterin emphasized the critical role NYSE:ENS plays in the broader crypto ecosystem. His statements not only propelled NYSE:ENS to its highest point since April but also triggered a staggering 1764% increase in trading volume, reaching $409,882,454. The market's response to influential voices in the cryptocurrency world underscores the significance of Buterin's endorsement. Future Prospects and Integration in DeFi: Buterin's vision for integrating ENS with layer-2 blockchains to enhance decentralized finance (DeFi) user experiences resonates with the market's direction. This strategic move positions ENS as a crucial component in the evolution of the Ethereum ecosystem, promising further growth and integration in the future. As the market increasingly values user-friendly and streamlined solutions, NYSE:ENS stands out as a project with immense potential. Why You Should Consider Buying ENS: 1. Endorsement by Vitalik Buterin: As a co-founder of Ethereum, Buterin's endorsement adds credibility and highlights the project's importance in the crypto space. 2. Growing Importance: ENS's role in simplifying cryptocurrency transactions and the increasing adoption of Ethereum-based domains underline its growing importance in the Ethereum landscape. 3. Surge in Trading Volume: The recent surge in trading volume reflects a heightened market interest, presenting an opportunity for potential buyers. 4. Strategic Integration with DeFi: ENS's alignment with the vision of integrating with layer-2 blockchains for enhanced DeFi experiences positions it as a forward-thinking and essential player in the evolving crypto landscape. Conclusion: As the cryptocurrency market continues to evolve, strategic investments in projects with a clear vision and growing importance become increasingly attractive. ENS, backed by Vitalik Buterin's endorsement and its pivotal role in Ethereum's evolution, presents a compelling opportunity for buyers looking to capitalize on the future of decentralized finance and blockchain integration. With its recent surge and promising prospects, ENS stands out as a must-buy in 2024, offering investors a chance to be part of a transformative journey within the crypto space.
Long
by DEXWireNews
ETHEREUM NAME SERVICE HEAD AND SHOULDERS PATTERN - 14.6$ TARGET!Upon analyzing the Ethereum Name Service (ENS) vs USDT, we've discovered an amazing Head and Shoulders Pattern in the Macro Overview that would take us arround 14$ , and can be extended towards 16$ . These targets do also match the Fibbonaci 1.618 retracement from the highs on July to the lows of October. This pattern is breaking at the moment and Backtesting the resistance as as support of 9.5$. This is looking insane for a short term explosion!!! Don't miss it out.
COINBASE:ENSUSDLong
by xReve
ENS Preparing for a Bull Run? | ENS/USDT Analysis💎Yello Paradisers, let's unpack ENS/USDT for a moment. Right now, it's navigating a downward channel, but we're keeping our eyes peeled for an imminent breakout. 💎If this breakout materializes, we can expect a dynamic price surge, just as we've projected. 💎Worth noting are the dual confirmed Order Blocks on the shorter timeframe. Given the liquidity in these zones, the price is likely to gravitate towards them. 💎Remember that a previous demand zone flipped into a supply area, leading to a notable price decline and aiming for the earlier Order Block. However, market uncertainty is a huge factor in this projection. 💎More updates are on the way, so stay tuned and make the most of your trading journey!
Long
by MyCryptoParadise_Simon
ABC Pattern Unfolding: ENSUSDT Elliott Wave Analysis💎 #ENSUSDT could be on the verge of completing an ABC pattern, according to the Elliott wave theory. After a strong bounce off the 88.6% Fibonacci support, we witnessed a breakout of the downtrend trendline, fueled by heavy buying pressure. 🚀 💎 Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the Fibonacci-based resistance area. 💥 💎 However, we can't rule out the possibility of a price spike downwards, testing the downtrend trendline and the double Fibonacci support around the $10 psychological level. If this occurs, buyers should seize the opportunity. 🎯 💎 It's crucial to note that a break below the C-wave would invalidate the short-term bullish outlook, potentially paving the way for a continuation of the downtrend. 🔴
Long
by MyCryptoParadise
Ethereum Name Service(ENS) forming Gartley |Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Ethereum Name Service (ENS). In previous trade of ENS the priceline moved slightly down than potential reversal zone, however, recovered soon and pumped well: Now on a 4-hr time frame, ENS is about to complete a bullish Gartley pattern with Bitcoin pair chart. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333