ENSUSDT trade ideas
Ethereum Name Service ($ENS) Partners with Ubisoft Coin Surge 10The Ethereum Name Service ( NYSE:ENS ) has captured attention once again, surging 10% following a groundbreaking partnership with Ubisoft. This collaboration aims to integrate ENS subdomains into Ubisoft’s identity card system for the Captain Laserhawk universe, merging Web3 innovation with immersive gaming experiences.
About Ethereum Name Service (ENS)
ENS is a decentralized naming system on the Ethereum blockchain, translating complex wallet addresses into simple, human-readable names like *john.eth*. It revolutionizes the way users interact with blockchain technology, making it as seamless as accessing websites via traditional domain names. Beyond usability, ENS enables ownership of digital identities and supports Soulbound Tokens (SBT) and Real-World Asset (RWA) tokenization, solidifying its role in the decentralized identity space.
Since its launch, ENS has built a robust reputation, supported by its November 2021 retroactive airdrop, and now ranks among the top Ethereum-based projects.
The Ubisoft Partnership
Ubisoft, a global leader in gaming, recently unveiled a project inspired by its popular **Captain Laserhawk animated series**, collaborating with Magic Eden to expand blockchain gaming horizons. Through this partnership, ENS subdomains will power the identity system in the Captain Laserhawk universe, merging the blockchain ecosystem with the gaming world.
This move highlights the growing convergence of blockchain and gaming, as well as ENS's critical role in facilitating seamless integration.
Market Reaction
The announcement fueled NYSE:ENS ’s rally, pushing its price to $44.29 with an 8.11% daily gain. Over the past four days, NYSE:ENS has surged by 45%, recovering from its recent low of $30.33. With trading volumes exceeding $813M in the last 24 hours, the momentum shows no signs of slowing down.
Technical Outlook
On the charts, NYSE:ENS is exhibiting signs of bullish continuation:
- Support Level: In case of a pullback, the 38.2% Fibonacci retracement level near $40 could act as a strong support zone.
- Resistance Level: Persistent bullish pressure could push NYSE:ENS to test the $50 resistance level, marking a significant psychological and technical milestone.
- Relative Strength Index (RSI): The RSI indicates room for further growth, reinforcing the possibility of a sustained uptrend.
Why This Matters
This partnership underscores ENS’s growing relevance in bridging Web3 with mainstream industries like gaming. The ability to seamlessly integrate ENS subdomains into complex ecosystems like Ubisoft’s highlights its adaptability and potential for widespread adoption.
As the gaming industry embraces blockchain solutions, NYSE:ENS is positioned as a vital component of this evolution, offering decentralized identity management that is both scalable and user-friendly.
Looking Ahead
With a $1.55B market cap and an ever-expanding ecosystem, ENS continues to lead in decentralized naming services. Its partnership with Ubisoft not only boosts its fundamental value but also opens doors to new applications in gaming and beyond.
Should bullish momentum persist, NYSE:ENS could break past $50, further solidifying its position as a key player in the blockchain and gaming spaces. Investors and enthusiasts alike will be watching closely as ENS continues to push the boundaries of decentralized identity and integration.
ENS / USDT#ENS / USDT
The $ENS/USDT pair is currently trading at $35.54. The price is moving within a downward channel after a strong bullish rally, approaching critical support levels. The first support is at $37.50, which could see a rebound if the price holds above this level. Meanwhile, $26.75 represents a key support level based on Fibonacci retracement, making it a crucial area for determining the next move. If this level is breached, the price may drop further to $18.44, the final major support, and breaking it would signal a continued bearish trend.
ENSUSDT - Monthly Bull RSI I'm very bullish on ENSUSD and think the RSI on this Monthly timeframe will extend into the overbought zone.
This is when I suggest a sell is a good idea on a Monthly timeframe.
I think its more likely that the RSI will extend upwards rather than move downwards during this strong bull market, even on the Monthly timeframe
ENS Breakout Alert: Bullish Targets Ahead! NYSE:ENS has broken out of a symmetrical triangle pattern and is currently retesting the breakout zone. This suggests a potential bullish continuation.
Entry: Accumulate above $41.50.
🎯 Targets:
Midterm: $50.00 (Approx. 20% upside).
Long-term: $59.93 (Approx. 45% upside).
🛡 Stop-loss: $39.50 (Below breakout support and invalidates the pattern).
DYOR, NFA
#Crypto #ALTSEASON
ENS showing a stunning Regular-Flat🚀 #ENS @ensdomainsis showing a stunning Regular-Flat (a,b,c) structure 😍
There’s a slight bullish divergence on the MACD between the two tops (🟠).
But on the MACD (⬜️) we can see that the correction is done.
Looking for to reach at least $23, then aiming for the top! 💸
Here I buy Ethereum Name Service at $40Here I buy Ethereum Name Service at $40
Buy orders starting at $40 on the spot market.
And Ethereum Name Service supply shock is being triggered by me as usual.
Look at the sea horizon
He's coming to make more dollar
It's clear as water
Look at the sea horizon
The bull shark is getting closer
let the rhythm take you over
Ethereum Name Service ENS price needs to take a break from growtThe price of CRYPTOCAP:ETH has finally started to rise 👇
follow they're accelerating growth of the #ENS price (which has the word #Ethereum in its name)
#ENS is an Ethereum Name Service control token used to control the protocol and influence the pricing decisions of its .eth address and price oracle.
In our opinion, now it is not so much important for #ENSUSDT buyers to continue their rapid growth as it is to finally hold the price above $23.60 , which they have not been able to do by all 2024.
Only then will it be possible to continue the steady wave of growth to $80+.
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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🌴