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ENS

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 BREAKOUT DONE What is a trendline break and how to trade it? There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant: Consolidation before the breakout. A significant increase in trading volume. Indicating investors’ enthusiasm to push the price as far as possible. Regarding consolidation, breakouts often occur after forming a contraction pattern, such as a triangle or a wedge. During these market phases, the volume gradually decreases, and the amplitude of the movements does the same so that the price action evolves in a narrow range. A sudden increase in volumes, as well as the exit of the price from the range, is often indicative of a new trend forming. How to trade breakouts? There are different ways to trade breakouts in the stock market, which are more or less aggressive depending on where you open your position.
Long
by Crypto-Adda_Official
1
ENSUSDTThis is a 1D frame analysis for ENSUSDT As you can see, the price is holding onto its weekly support and we can assume that the price can see higher numbers if it can establish itself above the support line. With the consolidations, we can say that the price is in a range and if it can break out from either side, we can move in that direction. Suggestion: Given that the price has not established itself firmly yet, it is better to wait for the price to break out completely from one side before we start trading.
by MarsSignals
1
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
ENS/BTC - Ethereum Name Service: Super_Trend◳◱ We've detected a Super Trend pattern on the NYSE:ENS / CRYPTOCAP:BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.0003263 | 0.0003422 | 0.0003872 and the major support zones are respectively at 0.0002813 | 0.0002522 | 0.0002072. We may consider opening a trade position at the current price zone at 0.0003086 and benefit from the trend continuation. ◰◲ General info : ▣ Name: Ethereum Name Service ▣ Rank: 147 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: Infrastructure - Identity ▣ Overview: The Ethereum Name Service is a distributed and open-source naming system that maps human-readable names to machine-readable identifiers like cryptocurrency addresses, metadata and content hashes. Although it is built on Ethereum, the lookup system can be deployed on private blockchains and other networks to customize complex strings of data to into readable content. Apart from the native .eth top-level domain, DNS top-level domains such as .luxe, .xyz, and .kred have been integrated into ENS. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0003086 ₿ ▣ 24HVol: 0.153 ₿ ▣ 24H Chng: 0.325% ▣ 7-Days Chng: -5.92% ▣ 1-Month Chng: -15.84% ▣ 3-Months Chng: -18.33% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0003263 | 0.0003422 | 0.0003872 ◢ Support: 0.0002813 | 0.0002522 | 0.0002072 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.47 ▣ Last 90D: -1.32 ▣ Last 1-Y: -0.25 ▣ Last 3-Y: 0.03 ◲◰ Volatility : ▣ Last 30D: 0.43 ▣ Last 90D: 0.61 ▣ Last 1-Y: 0.83 ▣ Last 3-Y: 1.37 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.58 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth ENSBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ENS/USDT Bullish move ahead ?👀 🚀ENS Today Analysis💎 ENS is primed for a bullish surge as it adheres closely to the trendline and maintains a strong support zone. 💎 The existence of a bearish OB, FVG, and liquidity are likely to bolster its upward trajectory. The price is expected to ascend to mitigate the bearish OB, fill the imbalance, and seize liquidity. 💎 Additionally, the volume is demonstrating robust momentum, indicating potential upward volatility. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Analysis of the super future token ENSAnalysis of the super future token ENS This currency has been correcting during the last one hundred days (red downward trend lines) and has reached its price floor in the last 316 days! Due to being in a good block order area, we can hope for price growth. The range of $9.93 can be suitable for buying, and if the downward trend line is broken, we can hope for the price to grow to the specified levels. Don't forget capital management and compliance with risk to reward
by mansour1978
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
$ENS/#BTC [#Ethereum Name Service]: Resistance_Breakout◳◱ Hey traders, we've identified a Resistance Breakout on the $ENS / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.0007104 | 0.0007417 | 0.0008238 and the major support zones are respectively at 0.0006283 | 0.0005775 | 0.0004954. It is a bullish indication and we may consider entering at the current price zone at 0.0006875 and targetting higher levels. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0006875 ₿ ▣ 24HVol: 12.040 ₿ ▣ 24hChng: 2.064% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0007104 | 0.0007417 | 0.0008238 ◢ Support: 0.0006283 | 0.0005775 | 0.0004954 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.71 - Bullish ▣ In-depth ENSBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF