- \n
- Ethereum Name Service price now – $22.35<\/li>\n
- Ethereum Name Service market cap – $688.9 million<\/li>\n
- Ethereum Name Service circulating supply – 30.7 million<\/li>\n
- Ethereum Name Service total supply – 100 million<\/li>\n
- Ethereum Name Service Coinmarketcap ranking – #91<\/li>\n<\/ul>\n
ENS\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $30, $32, $34<\/p>\n
Support levels: $13, $11, $9<\/p>\n
![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/ENSUSD_02022024.png\")
ENSUSD – Daily Chart<\/figcaption><\/figure>\n ENS\/USD is seen moving from $20.14 to cross above the resistance level of $22.00 in a matter of hours, touches an intraday high at $22.90. While the coin is seen making an effort to create additional gains, the crypto retains bullish momentum. Furthermore, the Ethereum Name Service<\/a> price is currently trading at $22.35 in a daily uptrend which may most likely form a bull flag in the long term.<\/p>\n
Ethereum Name Service Price Prediction: What could be the Next Direction?<\/h2>\n
Due to a strong upside movement of the coin, the Ethereum Name Service price faces an uptrend as it is getting ready to trade above the resistance level of $25. However, today’s low at $19.76 may now serve as strong support for the coin, therefore, if it is broken, the sell-off may be extended to $15.0. At the moment, the bulls are planning to retain the market by keeping the Ethereum Name Service price above the 9-day and 21-day moving averages.<\/p>\n
However, if the price moves below this barrier, it could hit the support levels of $13, $11, and $9. As the daily chart reveals, the 9-day moving average could make a bullish cross above the 21-day moving average, which indicates that the bullish trend may continue to play out. Moreover, if the bulls can put more effort and push the Ethereum Name Service price higher, further resistance levels could be found at $30, $32, and $34.<\/p>\n
ENS\/BTC Heads to the North<\/h2>\n
Against Bitcoin, the Ethereum Name Service (ENS)<\/a> is demonstrating a positive sign above the 9-day and 21-day moving averages. However, the trend is ranging in the short-term and moves within the channel. It is currently changing hands at 5173 SAT as it could move very close to the upper boundary of the channel.<\/p>\n
![\"Ethereum](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/02\/ENSBTC_02022024.png\")
ENSBTC – Daily Chart<\/figcaption><\/figure>\n Nevertheless, if the coin crosses above the channel, the potential resistance level could be found at 7400 SAT and above but sliding below the lower boundary of the channel may locate the closest support level at 2700 SAT and below. Therefore, the 9-day MA is likely to cross above the 21-day MA, indicating more bullish signals.<\/p>\n
@Crypt0_Savage, on his X account (formerly Twitter), predicts a possible further decline in the $ENS price to the $16.30 support zone based on the current market trend. However, if the price breaks through descending resistance, it could potentially rise to approximately $25.<\/p>\n
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$ENS<\/a>\/USDT <\/p>\n
Current general market trend indicates potential for further $ENS<\/a> decrease to the support zone at $16.30🧐<\/p>\n
If price breaks descending resistance, we could rise to around $25📈#Crypto<\/a> #Ens<\/a> #Ensusdt<\/a> pic.twitter.com\/17sR30uiVb<\/a><\/p>\n
— Crypto Savage (@Crypt0_Savage) February 4, 2024<\/a><\/p><\/blockquote>\n