Ethereum Name Service Price Prediction and Statistics Data: ENS/USD Market, Support and Resistance Levels, ENS/BTC Analysis, and Alternatives

Ethereum Name Service Price Prediction: Bullish Run Possible

The Ethereum Name Service (ENS) price could potentially experience a bullish run if it manages to surpass the resistance level of $10.00. Here are some key statistics and levels to consider:

ENS price: $9.01
Market cap: $257.8 million
Circulating supply: 28.7 million
Total supply: 100 million
Coinmarketcap ranking: #116

ENS/USD Market Outlook

On the daily chart, ENS/USD is approaching the upper boundary of the channel at $9.01. If the coin crosses above the 9-day and 21-day moving averages, it may maintain a bullish movement within the channel. Resistance levels to watch out for include $11.00, $12.00, and $13.00, while support levels are at $7.00, $6.00, and $5.00.

ENS Price Prediction: Consolidation and Potential Upside

Currently hovering around $9.01, ENS may consolidate before potentially moving towards the upper boundary of the channel. The Relative Strength Index (14) indicates a bullish continuation, with the signal line above the 40-level. If the signal line crosses above the 50-level, resistance levels at $11.00, $12.00, and $13.00 could come into play.

In the short term, a bearish movement towards the lower boundary of the channel may bring ENS to long-term support levels of $7.00, $6.00, and $5.00. Against Bitcoin, ENS is yet to cross above the 9-day and 21-day moving averages. A bullish spike requires increasing volume and resistance, otherwise the market may move sideways. Close support is expected at 2500 SAT and below, with potential resistance at 3500 SAT and 3800 SAT.

Ethereum Name Service Alternatives and Market Update

If buyers can push ENS above the 9-day and 21-day moving averages, it may hit higher resistance levels. Additionally, the overall crypto market is gaining momentum, with the WSM token experiencing increased investor interest and raising nearly $21 million in its presale.

Hot Take: With the potential for a bullish run and increasing interest in the crypto market, now may be a good time to keep an eye on Ethereum Name Service and explore alternatives.