Summary:
The Ethereum Name Service (ENS) price may experience a bullish run if it surpasses the $10.0 resistance level. Currently, the price is at $9.14 with a market cap of $263.7 million. The ENS/USD market is showing positive movement and may continue to rise if bulls put more pressure on the market. If the price breaks below the 9-day and 21-day moving averages, it may slide back to support levels at $8.5 and $8.0. On the other hand, if the upward movement continues, resistance levels at $12.0, $13.0, and $14.0 can be expected. A bearish break could lead to a fall to support levels at $6.0, $5.0, and $4.0. When compared to Bitcoin, ENS buyers are showing promising signs.
Key Points:
- ENS price may see a bullish run if it surpasses $10.0 resistance level
- Current ENS price is $9.14 with a market cap of $263.7 million
- ENS/USD market is showing positive movement
- If price breaks below moving averages, it may slide to $8.5 and $8.0 support
- If upward movement continues, resistance levels at $12.0, $13.0, and $14.0 can be expected
Ethereum Name Service Alternatives
ENS bulls are pushing the coin towards the upper boundary of the channel, indicating a potential positive movement. Meanwhile, is a meme coin that aims to create a decentralized movement and has raised almost $13 million in the ongoing presale.
Hot Take:
The Ethereum Name Service price has the potential for a bullish run if it breaks the $10.0 resistance level. However, a bearish break could lead to a fall in price. Overall, the market is showing promising signs, and ENS is gaining attention as an alternative to traditional services.
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