NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Ethereum Name Service (ENS) Breaks Out, Can Price Hit $20?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance.  
  • ENS trades above key support as price reclaim 8 and 20-day EMA.
  • The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle.

Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name Service looks set to breach the $20 mark. Ethereum Name Service (ENS) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $20. (Data from Binance)

Related Reading: Polkadot Seeing Lots Of Development Activity – But Why Is DOT Stuck In The Cellar?

Ethereum Name Service (ENS) Price Analysis On The Weekly Chart.

Despite struggling to break above $17 in recent weeks, with the price rejecting its weekly support, the ENS price has managed to hold its key support at $14; with so much uncertainty in the market about where it is headed, the price of ENS showed great strength in that region.

Despite the current bear market that has made trading even more difficult, the price of ENS continues to show strong signs of recovery and has surpassed its monthly return on investment (ROI) for major cryptocurrencies.

After retesting a weekly low of $12.5, the price of ENS has recently rallied to around $15 but has been rejected in an attempt to break higher in order for the price to trend. For a while, the price of ENS remained range-bound as it attempted to break the $15 mark.

The price of ENS broke above $17, but it needs to form support above this level for the price of ENS to rally to the $20 region, where it will face its first major test. If the price of ENS fails to hold above $17, we may see it retest the $15 region, which serves as a good support zone for the price.

Weekly resistance for the price of ENS – $20.

Weekly support for the price of ENS – $15.

Price Analysis Of ENS On The Daily (1D) Chart

Daily ENS Price Chart | Source: ENSUSDT On Tradingview.com

On the daily timeframe, the price of ENS continues to look strong as the price aims to rally to a high of $20 after a successful breakout from a descending triangle creating a more bullish scenario for traders to place more buy orders.

The price of ENS currently trades at $17.4 above the 8 and 20-day Exponential Moving Average (EMA). The prices of $16.2 and $15.3 correspond to the prices at 8 and 20-day EMA for BNB on the daily timeframe.

Daily resistance for the ENS price – $20.

Daily support for the ENS price – $15.

Onchain Analysis Of ENS

ENS Onchain Data | Source: On Messari.io

The price of ENS, despite still down from an all-time high of $83, the on-chain analysis shows a more decent outlook for the past three months despite the market sentiment still being bearish. ENS produced a reasonable three-month return on investment (ROI) of 80%. 

Related Reading: SAND Has Just Been Added On Binance US – Will It Hit $1 In The Coming Days?
Featured Image From Zipmex, Charts From Tradingview and Messari
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

Is Solana About To Break Out? Key Levels And Indicators Say Watch Closely

Solana is exhibiting strong bullish signs supported by moving averages, volume, and momentum indicators, which hint at a short-term pause...

Sandra White 8 hours ago
WLFI

Trump Family’s WLFI Token: Experts Bullish On $5 Price Projection Post-Launch

World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch...

Ronaldo Marquez 8 hours ago

BTCBULL強勢拉盤 24小時暴漲82%! 現已沖上 $0.0055 Meme 幣牛市要來了?

BTCBULL 這款上線僅三天的免費比特幣空投幣,24小時內暴漲82%,剛剛創下歷史新高 $0.0055! 這枚比特幣衍生概念幣可謂踩準時機,在比特幣昨日突破 $112,000 再創新高後強勢起飛。 ...

estherw 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Elon Musk引發PNUT在24小時價量俱升 7月不要錯過另一個暴增1000倍新幣ICO

Kelvin Lee 4 minutes ago
Bitcoin

Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why

Scott Matherson 2 hours ago
Bitcoin

The Hidden Clue In Bitcoin Hourly Close: A Breakout Brewing?

Godspower Owie 6 hours ago

Premium Sponsors

Press Releases

  • Cicada Finance Kicks Off TGE, Unleashing Real Yield Assets...

    8 hours ago
  • BTCminer cloud mining

    The global economy is in a downturn, and BTCminer cloud...

    8 hours ago
  • ビットコインが過去最高の11万2,000ドル達成──15万ドル予測も浮上、今注目の仮想通貨プレセールとは?

    ...

    9 hours ago
  • ビットコインが過去最高値を更新──新興L2プロジェクトが200万ドル調達、今注目の仮想通貨おすすめは?

    ...

    9 hours ago
  • 新しい仮想通貨が220万ドル超を調達──カルダノは手数料無料機能を正式導入

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.