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ENS / TetherUS

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ENS/USDT Down for retesting phase on the support. Keep on eye!!💎 ENS recently faced a setback, encountering a firm rejection at a critical resistance area. This has led to a retreat towards a previously established support zone, now a focal point for a potential retesting phase. 💎 Market watchers are closely observing whether ENS can demonstrate resilience at this support level, the probability indicated by a bullish candle pattern or a strong bounce. 💎 Should ENS manage to rebound effectively from this support area, it may open the door for another attempt to breach the strong resistance area. Such a move would signal renewed bullish momentum and could significantly impact its market trajectory. 💎 Conversely, if ENS struggles to maintain its footing at the support level and breaches it downward, it could signify a shift back to a bearish trend. A breakdown below this support zone might lead ENS towards a more substantial support area, marking a deeper retracement in its value.
by MyCryptoParadise_Nathan
2
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
$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