Ethereum Name Service #ENS leverage on ETH (if we are lucky ofc)
The network is pretty much unusable right now for regular people.
A Rich man's chain.
Either way the ENS chart presents a potential inverse head and shoulders
that has a large log target reaching back to previous high's makes sense to me.
ENSUSDT trade ideas
ENS bouncing after retestENS broke out of a falling wedge, successfully retested it and bounced off. It's the same DOT pattern I've posted yesterday and honestly a very widespread pattern these days.
Differently from DOT, in this case ENS follows ETH and it seems ethereum is waking up so, being strictly connected it's likely they'll both go up. Vitalik months ago declared that ENS is super important for ethereum ecosystem. Too many are disappointed by ETH but I believe that it'll wake up at some point and I don't ever trade it, but it's quite reasonable.
Months ago on W I had foreseen something like this and I still think is possible:
What I do know is that I bought ENS instead of ETH because I think it can do an higher ROI which is what interests me. I think you can still enter at current price. Just don't buy close to the resistance zone up there.
I think first real target after the break out from resistance zone will be 66 then 88 USDT
Good luck
New Bullish Move Is About To Start📈 The Main Structure Formed At The Chart Is a Bullish Flag By The ABC Formation And Wave C Completed At The 1.272% Fibo Level And The Price Perfectly Bounced From That Area, Expect a New Bullish Move From Here Toward a Top of The Flag And Breakout From It Toward a 43.3$ And 59.4$
ENS is moving step by stepAs seen in the chart, ENS is moving step by step, using block orders like stairs and continuing its upward trend in an orderly manner. Most recently, it took the liquidity at the top and then made a downward move to take support from another block order.
If advice is needed, we can set a buy limit at the block order where we plan to buy. If the price moves upward, we can take profits, but if the decline continues, it’s possible to open a leveraged position on ENS coin through futures, provided proper risk management is applied.
As I mentioned, risk management is key. ENS NYSE:ENS
🚀🚀🚀
ENS Price Action: Rebound Imminent or Bearish Freefall?Yello, Paradisers! Is #ENSUSDT gearing up for a significant rally, or are we looking at a bearish breakdown? Let’s take a closer look at what the charts are telling us.
💎#ENS seems poised to retest its support level before potentially continuing its upward movement. A breakout above the minor resistance could spark a strong rally, with the price likely heading toward the next key target at the strong resistance area.
💎However, there’s a risk to watch out for. If ENS fails to rebound and breaks below the support zone, the price could head lower, potentially hitting the bullish order block or demand area. This region is crucial for maintaining a bullish structure. If ENS manages to reclaim support around the $32 mark, there’s a good chance of a rebound and resumption of the upward move.
💎On the flip side, if the daily candle closes below this area, it would signal a bearish invalidation. In that case, we could see a deeper dip, with ENS entering a completely bearish phase and continuing its downward trajectory.
Stay disciplined, trade smart, and let’s navigate this market with a professional mindset!
MyCryptoParadise
iFeel the success🌴
ENSUSDT: Bullish TrendENS is moving in down trend and forming LLs and LHs, but its also formed Bullish Divergence on 1hr time frame so its possibility ENS moved in uptrend So for the Bullish trend confirmation we will wait for the break of the previous LHs and take a long trade on the break of the LHs with proper Risk Management.
$ENS :: Where is the floor and ceiling?Hello to all the friends watching this analysis.
I hope the turbulent state of the crypto market suits you.
Next, we intend to discuss the pattern we estimate for the peak and trough of BINANCE:ENSUSDT as well as its potential highs and lows.
What currently dominates the market is selling pressure, and the overall market is in a state of greed.
It seems the market needs to cool off a bit and enter a state of fear for institutional investors to find it attractive to buy again.
From the overall trends in this chart, it can be observed that market whales are slowly taking profits.
It appears that for about one to two months, we will be in a range-bound situation within a 30% margin, and after that, a sudden drop will occur, bringing us down to around $22.
It seems that the bottom we can consider for this correction is $22, and from there we will move towards $60 or even higher.
So, the best strategy I can have is to buy at significant levels like $29 and $22.
Selling is also suitable at levels between $40 and $60.
This analysis is based solely on the chart and is completely personal; it is not a suggestion for you.
I am your friend. Please write your comments below this analysis.
Ethereum Name Service Launches Namechain on Linea’s zkEVMThe Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and expanded functionality for the Web3 ecosystem.
Why Namechain and Why Now?
NYSE:ENS has long been at the forefront of simplifying blockchain interactions. By converting complex Ethereum addresses into human-readable names like "john.eth," ENS has made the decentralized web more accessible. However, as the protocol has grown to support decentralized identity, user profiles, website hosting, and DNS interoperability, the need for a more scalable infrastructure has become evident.
Enter Namechain – a strategic response to these challenges. Built on Linea’s zkEVM, Namechain combines cutting-edge technology with ENS’s robust naming protocol to deliver unparalleled performance.
Technical Foundations: Why Linea?
The decision to build Namechain on Linea’s zkEVM followed a rigorous evaluation by ENS Labs. Two standout features of Linea made it the ideal choice:
1. Type 2 zkEVM Compatibility: Linea’s zkEVM ensures seamless bytecode compatibility with Ethereum, enabling the reuse of existing smart contracts and tooling without modifications.
2. High-Performance Prover: Linea’s rollup architecture offers fast state confirmation, ensuring reliable and efficient name resolution.
Moreover, Linea’s multi-client compatibility with Ethereum execution clients like Geth and Besu enhances ecosystem resilience, ensuring robust infrastructure for ENS’s evolving needs.
Proven Collaboration and Ecosystem Benefits
ENS and Linea share a strong history of collaboration. Notably, Linea was the first L2 team to implement CCIP-Read (ERC-3668), enabling decentralized cross-chain name resolution for over 530,000 linea.eth subnames. This partnership validated ENS’s L2 integration capabilities and demonstrated Linea’s technical prowess.
The move to L2 addresses several key challenges:
- Higher Throughput: Increased transaction capacity enables faster registration and renewals.
- Cost Efficiency: Significantly lower fees make ENS services accessible to a broader audience.
- Extensibility: Advanced naming features and complex resolution logic become feasible on L2.
Namechain’s Impact on Decentralized Identity
ENS’s role extends beyond address resolution; it underpins decentralized identity across Web3. Namechain amplifies this mission by offering a scalable solution that supports:
- Permissionless User Profiles: Enabling decentralized identity systems to flourish.
- Decentralized Hosting: Facilitating censorship-resistant websites.
- DNS Interoperability: Bridging traditional and blockchain-based naming systems.
Market and Technical Outlook for NYSE:ENS
Despite the groundbreaking announcement, NYSE:ENS is currently trading at $42.17, down 2.17% in the last 24 hours, with a market cap of $1.48 billion. Technical indicators suggest a potential bullish reversal:
- RSI at 48: Indicates steady momentum.
- Key Resistance Level: A breakout above the 1-month high of $50 could confirm a bullish reversal pattern.
Fundamentally, the launch of Namechain positions ENS as a critical player in the evolution of decentralized identity, aligning with the growing demand for scalable and efficient blockchain solutions.
A Vision for the Future
The partnership between ENS and Linea represents a significant leap forward in blockchain technology and decentralized identity. By combining ENS’s innovative naming protocol with Linea’s advanced zkEVM architecture, Namechain promises to set new standards in scalability, cost-efficiency, and functionality.
ENS Labs invites the broader technical community to participate in this journey through open-source contributions and feedback. Together, they aim to shape the future of decentralized identity and blockchain-based naming systems, paving the way for a more intuitive and accessible internet.
About Ethereum Name Service (ENS)
ENS is a distributed, open naming system built on Ethereum. It simplifies blockchain interactions by converting machine-readable addresses into human-readable names. With its decentralized and extensible framework, ENS is a cornerstone of the Web3 ecosystem, driving adoption and innovation in blockchain technology.
TradeCityPro | ENS : Navigating Critical Levels👋 Welcome to TradeCityPro!
In this analysis, I’ll evaluate ENS across the daily and 4-hour timeframes. This Web3 project offers an innovative service allowing users to purchase wallet domains, making it a standout in its sector.
📅 Daily Timeframe: Pullback to the Critical Zone
On the daily timeframe, ENS has been trading within a broad range since early 2024, oscillating between $12.44 and $32. Despite the large range and significant price volatility, the market hasn’t established a clear trend, repeatedly moving from the bottom to the top of this box.
📈 Recently, alongside Bitcoin’s ATH breakout, ENS broke through the $20.92 resistance, which marked the Medium Wave Cycle resistance. This breakout introduced strong bullish momentum, leading to the price surpassing the $32 resistance as well. After breaking this level, the price retraced to $32 for a pullback and is now preparing for another upward movement.
✨ The next significant resistance for ENS is $47.96, a level previously tested once before. Currently, the price is approaching this zone for a second test. Despite the negative divergence observed in the RSI and trading volume, this is typical in high-momentum uptrends. A successful breakout of $47.96 could propel the price toward the ATH at $77.99.
🔽 In case of a pullback, the $32 zone remains critical support, already tested once. For deeper corrections, the $20.92 level is the next important zone, and losing this level would entirely erode the bullish momentum, pushing the price toward $15.83 and potentially $12.44.
✅ The range between $12.44 and $15.83 represents a key demand zone, which could act as a significant barrier against further declines. For deeper corrections, the first RSI trigger would be a breakdown below 54.66.
⏳ 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, I’ll focus specifically on futures triggers, as the main scenarios were detailed in the daily timeframe.
🔼 A breakout above $48.59 provides a suitable long entry. Defining precise targets in advance is challenging, as potential targets come from historical price levels. It’s better to wait for the price to establish a new structure and use that to identify subsequent resistance levels.
📉 A breakdown below $40.96 is a highly risky short entry, with low confidence in hitting the target. However, if a deep correction begins, this trigger could yield significant profits.Additional support levels include $32.86, $25.65, and $21.36. Breaking each of these could activate further short triggers, but for now, all short setups carry significant risk, as the market hasn’t confirmed a trend reversal.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
ENS/USDT Chart Analysis $ENS/USDT Chart Analysis 🚀
The #ENS/USDT chart shows a potential retracement into the Fibonacci Buy Zone between $37.61 (0.618) and $34.03 (0.786), presenting an ideal buy opportunity for accumulation. Resistance levels are clearly identified at $52.99, $61.45, and the upper target at $69.08. If the price holds and rebounds from the Fibo zone, the risk-to-reward ratio becomes highly favorable, while a stop-loss should be placed below $29.50 to minimize downside risk. Overall, the chart signals a bullish breakout scenario after retracement. 🚀
ENSUSDT Analysis And Next Market Move Name: Ethereum Name Service (ENS)
Symbol: ENS
Type: Utility token
Timeframe: 8H
Analysis: Technical+Fundamentals
Trend : Bullish
Purpose and Use Case:-
Decentralized Domain Name System:
ENS is a decentralized domain name system built on the Ethereum blockchain.
Domain Name Registration:
ENS allows users to register human-readable domain names for their cryptocurrency wallets, making it easier to send and receive funds.
Details:-
ENS is sitting at a strong support level. Ready for breakout. After this breakout Expecting 30% + gain. ENS is really a strong project.
Ethereum Name Service ($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.