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ENS

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
ENSUSDT will follow Ethereum upTrading Setup: A Trading Signal is seen in the ENSUSDT EthereumNameService Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 21.60 ⭕️SL @ 16.88 (-34%) 🔵TP1 @ 37.36 (+45%) 🔵TP2 @ 49.26 (+91%) 🔵TP3 @ 62.40 (+140%) What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
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
Market Update - February 9, 2024 Bitcoin crosses $47K as ETF inflows steadily outpace outflows: After remaining range bound between $42.5K-$43.5K for the past few weeks, bitcoin (BTC) jumped higher on Wednesday evening and once again broke through the $45K level for the first time since the launch of the spot bitcoin ETFs a month ago. On Friday, BTC rose past $47K. Continued demand for the spot bitcoin ETFs could be helping the move higher and they have been showing more strength this week with inflows outpacing outflows from Grayscale’s GBTC for the ninth consecutive day. Solana hovers above $100 despite five-hour outage: On Tuesday, the Solana network experienced a significant outage leaving the network offline for five hours, resurfacing the debate and criticism of Solana being too centralized. The price of SOL initially fell on the news, breaking below the $94 mark. However, the price fought back after the issues were resolved and moved above $100 on Wednesday evening. Ethereum Name Service partners with GoDaddy as altcoins perform well: Ethereum Name Service (ENS) saw its price gain over 20% over the past seven days following the announcement of a partnership with domain registrar GoDaddy on Monday that will allow Web3 users to link their .eth names to traditional Web2 domains at no additional cost. Other leading altcoins were also up this week, including Avalanche (AVAX) +3%, XRP +4%, Filecoin (FIL) +6%, and Immutable X (IMX) +8%.. Stocks break new records and interest rate debate continues: Stock prices continued to add to their strong start to the year with US stock indices posting new all time highs again this week. On Wednesday, the S&P 500 closed within touching distance of the 5,000 mark for the first time ever. The timing of interest rate cuts also continued to be debated this week. Market participants have tapered expectations slightly and are now pricing in five rate cuts for 2024, down from six at the start of the year. However, this is still higher than the baseline scenario put forward by the Fed, which is currently three rate cuts this year. 🥪 Topic of the Week: L2 Scaling Solutions 👉 Read more here
GEMINI:BTCUSD
by Gemini
1
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
GoDaddy and ENS Collaboration: A Leap Towards Crypto IntegrationGoDaddy ($NYSE: NYSE:GDDY ), the global giant in domain registration, has joined forces with the Ethereum Name Service (ENS). This partnership signifies a pivotal moment in the journey towards cryptocurrency mass adoption, opening doors for users to seamlessly integrate their conventional Web2 domains with Ethereum names at no additional cost. The Collaboration in Detail: The Ethereum Name Service, a decentralized domain system built on the Ethereum blockchain, has bridged the gap between Web2 and Web3 by partnering with GoDaddy ( NYSE:GDDY ). Through this collaboration, users now have the ability to link their existing domain names registered with GoDaddy ( NYSE:GDDY ) to Ethereum names effortlessly. Enhanced User Interface: GoDaddy ( NYSE:GDDY ) has revamped its user interface to accommodate this integration seamlessly. A dedicated section within the platform allows users to configure their domain names for use as alternatives to Ethereum addresses across various Web3 applications. This enhancement empowers users to engage with digital wallets, blockchain explorers, and NFT marketplaces using their familiar domain names, streamlining the user experience in the crypto space. Zero Extra Cost: One of the most compelling aspects of this collaboration is the absence of any extra cost for users. The initiative ensures that individuals can harness the benefits of blockchain technology without incurring additional expenses. This democratization of access aligns with the ethos of decentralized systems, making crypto integration more inclusive and user-friendly. Impact on ENS Token Value: The market response to this collaboration has been notable, with the ENS token experiencing approximately a 7% increase in value post-announcement. This uptick reflects the positive sentiment surrounding the partnership and underscores the growing importance of blockchain integration in mainstream platforms. Towards Mass Adoption: This collaboration between GoDaddy ( NYSE:GDDY ) and ENS marks a significant stride towards mass adoption of cryptocurrencies. By enabling users to leverage their existing domain names in the decentralized realm, the partnership addresses a key barrier to entry for many potential users. The enhanced user interface and zero additional cost aspects further contribute to a more seamless onboarding process for individuals looking to explore the world of blockchain technology. Conclusion: The GoDaddy ( NYSE:GDDY ) and ENS partnership exemplifies the evolving landscape where traditional web services intersect with the decentralized blockchain space. As more industry leaders embrace these collaborations, we can anticipate a smoother transition towards widespread adoption of cryptocurrencies. The enhanced user experience and the positive market response indicate that such initiatives play a crucial role in shaping the future of a more interconnected and decentralized internet.
NYSE:GDDYLong
by DEXWireNews
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