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ENS / TetherUS

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ENSUSDT trade ideas

ENS "Riding the Wave: A Strong Buy Signal Emerges!" **ENS Coin (Ethereum Name Service)** **Fundamentals:** * **Utility:** ENS provides human-readable names for Ethereum addresses and other crypto assets, making them easier to remember and use. * **Decentralized:** The ENS system is operated by a DAO (Decentralized Autonomous Organization), giving users control over its development. * **Growing Adoption:** ENS is integrated with many popular wallets and dApps, increasing its utility and potential value. * **Limited Supply:** There are a maximum of 100 million ENS tokens, creating potential scarcity. **Recent News:** * **Price Surge:** The ENS price has increased significantly in recent weeks, driven by growing adoption and positive sentiment in the crypto market. * **ENS DAO Launches Grants Program:** The ENS DAO has allocated funds to support the development of new ENS applications and integrations. * **MetaMask Integrates ENS Domains:** MetaMask, a popular Ethereum wallet, now allows users to display their ENS names instead of wallet addresses. **Disclaimer:** * **Investing in cryptocurrency involves significant risk.** The value of ENS and other cryptocurrencies can fluctuate dramatically, and you could lose all or part of your investment. * **Do not make investment decisions based solely on this information.** Conduct your own research, consider your financial situation, and consult with a financial advisor before investing. Please remember that this information is not financial advice, and you should always do your own research before making any investment decisions.
Long
by MoonTradingForecast
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 - 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