Key takeaways:
- Ethereum Name Service Price Prediction is anticipated to peak at $42.25 in 2024.
- By 2027, ENS could see significant growth, with predictions suggesting a potential maximum price of $128.46.
- Ethereum Name Service price prediction expects to potentially achieve its highest price yet, reaching $366.07, by 2030.
Ethereum Name Service is a network that allows crypto-enthusiasts to rename their crypto addresses into something more uncomplicated for them to remember easily. Renaming crypto addresses through ENS will enable users to recollect and write them quickly.
Even though Ethereum Name Service is based on the Ethereum blockchain, it uses its cryptocurrency, ENS. ENS is used for governance purposes on the blockchain network. Users can also send and receive any cryptocurrency with the system’s wallet. The price of ENS has experienced ups and downs since it launched on the market, dropping to as low as $6.7, hitting an ATH of $85.69, and currently trading below $30.
How high can ENS go? Will ENS recapture its ATH soon?
Overview
| Cryptocurrency | Ethereum Name Service |
| Token | ENS |
| Price | $27.62 |
| Market Cap | $906,945,889 |
| Trading Volume | $132,050,057 |
| Circulating Supply | 32,839,999 ENS |
| All-time High | $85.69, Nov 11, 2021 |
| All-time Low | $6.70, Oct 19, 2023 |
| 24-h High | $28.10 |
| 24-h Low | $26.81 |
Ethereum Name Service technical analysis
| Metric | Value |
| Price Prediction | $90.62 (229.68%) |
| Volatility | 6.56% |
| 50-Day SMA | $25.54 |
| 14-Day RSI | 55.07 |
| Sentiment | Bullish |
| Fear & Greed Index | 67 (Greed) |
| Green Days | 14/30 (47%) |
| 200-Day SMA | $21.30 |
Ethereum Name Service price analysis: ENS shows upward momentum at $27.62
TL;DR Breakdown
- Ethereum Name Service a price analysis shows a bearish trend at $27.62
- The ENS coin has increased by 1.44% at the time of writing
- ENS prices have sought resistance at $28.87
On July 30, 2024, Ethereum Name Service (ENS) maintained its upward trajectory following an extended bullish phase. Currently trading at $27.62, ENS has risen by 1.44% from its previous close, indicating potential stability in its price movement. The overall market sentiment remains positive, with bullish investors capitalizing on favorable conditions to potentially drive prices higher, supported by ENS’s robust market capitalization.
Ethereum Name Service price analysis 1-day price chart: ENS prices find negative momentum at $27.62
Recently, Ethereum Name Service (ENS) has exhibited an upward trend in its daily price analysis. Currently priced at $27.62, ENS is trading above its moving average and encountering resistance just above this level. Although the price has remained stable, there are no clear signs of a reversal as it continues to struggle with breaking through the resistance.
The narrowing gap between the Bollinger Bands suggests a decrease in market volatility. Currently, the bands are converging, signaling reduced market unpredictability. The upper band, representing resistance, is at $28.87, while the lower band, indicating support, is at $24.74.
The Relative Strength Index (RSI) for ENS is currently at 53, indicating a neutral zone with an upward trend. This suggests that buying pressures are currently surpassing selling pressures, although there are no immediate signs of a near-term reversal.
ENS/USD 1-hour price chart: ENS volatility decreases as price finds bullish momentum at $27.62
On the hourly chart, Ethereum Name Service (ENS) has displayed a predominantly bullish trend. Starting just above $27.46, the price has risen to around $27.58. This consistent upward movement highlights strong buying pressure and bullish market sentiment. Although there have been occasional minor declines, the overall trend remains upward, signaling continued bullish momentum.
The upper limit of the Bollinger Bands for Ethereum Name Service (ENS) is currently at $27.89, serving as the resistance level, while the lower limit is set at $27.04, acting as the support level. The narrowing of the bands indicates a decrease in market volatility.
Currently, the RSI indicator stands at 52, firmly in neutral territory. This suggests that buying pressure has been dominant, indicating stability and potential for price increases. The upward trend of the RSI reflects ongoing bullish momentum, with buying activity outpacing selling. Traders should remain cautious, as extended periods in the neutral region can often precede pullbacks or consolidations, potentially signaling upward pressure as buyers regain control.
ENS technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 28.01 | SELL |
| SMA 5 | $ 26.69 | BUY |
| SMA 10 | $ 27.08 | BUY |
| SMA 21 | $ 26.43 | BUY |
| SMA 50 | $ 25.54 | BUY |
| SMA 100 | $ 21.92 | BUY |
| SMA 200 | $ 21.30 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 27.00 | BUY |
| EMA 5 | $ 27.05 | BUY |
| EMA 10 | $ 26.91 | BUY |
| EMA 21 | $ 26.57 | BUY |
| EMA 50 | $ 25.25 | BUY |
| EMA 100 | $ 23.27 | BUY |
| EMA 200 | $ 20.55 | BUY |
What to expect from the Ethereum Name Service price analysis
Ethereum Name Service price analysis reveals that prices have been increasing due to a recently initiated bullish trend. Buying activities have increased ENS prices from $26.92 to $28.01, and given the present market, a bullish trend, It is probable to turn around very soon. Technical indications reinforce the upward trend, while price charts favor the bulls.
Is ENS a good investment?
Ethereum Name Service (ENS) shows promising investment potential due to its recent bullish trend and positive market sentiment. Currently trading at $27.62, the token has demonstrated stability and upward momentum, supported by strong buying pressure and favorable technical indicators. With predictions suggesting a price increase to $90.62, and a robust market cap of approximately $907 million, ENS could be a valuable addition to a diversified investment portfolio.
Why is ENS up?
ENS has been rising due to a combination of factors, including strong buying pressure and positive market sentiment. The token has experienced a 1.44% increase recently and is trading above its moving average. The narrowing of Bollinger Bands indicates reduced volatility, while the RSI shows an upward trend, reflecting ongoing bullish momentum. Additionally, technical indicators and predictions suggest further potential for price increases, contributing to the recent upward movement of ENS.
Will ENS reach $50?
Ethereum Name Service (ENS) is anticipated to potentially reach $50 at some point in the future. The timing for this milestone could align with the projected price increases, potentially within the timeframe leading up to or around 2025.
Will ENS reach $100?
Ethereum Name Service (ENS) reaching $100 appears feasible, especially considering the upward trend projected in the Ethereum Name Service price prediction. While specific timing can vary based on market dynamics, ENS could achieve this milestone within the anticipated growth trajectory, possibly around 2027 or beyond.
Will ENS reach $500?
Reaching $500 for Ethereum Name Service (ENS) would require substantial growth and market conditions beyond current projections. While ENS shows potential for significant price increases, reaching $500 would likely depend on continued adoption, technological advancements, and broader market trends.
Does ENS have a good long-term future?
Ethereum Name Service (ENS) appears poised for a promising long-term future due to its innovative utility in simplifying cryptocurrency transactions and enhancing accessibility on the Ethereum blockchain. Anticipated price increases and positive market sentiment reflected in Ethereum Name Service price prediction further underscore its potential for sustained growth. Continued technological advancements and integration within the blockchain ecosystem also contribute to ENS’s favorable outlook, positioning it as a significant player in the evolving digital landscape.
Recent news/opinion on Ethereum Name Service
- Ethereum Name Service (ENS) launches a brand refresh at EthCC, aiming to enhance Web3 accessibility with a user-friendly approach while retaining its iconic logo.
Ethereum Name Service price prediction July 2024
In July 2024, Ethereum Name Service price prediction is expected to range between approximately $93.64 and $101.06, with an average price forecasted around $97.35, reflecting anticipated market movements and investor sentiment.
| ENS Price Prediction | Minimum Price | Average Price | Maximum Price |
| ENS Price Prediction July 2024 | $101.06 | $97.35 | $93.64 |
Ethereum Name Service price prediction 2024
Based on the latest Ethereum Name Service price prediction, the token is projected to see price levels in 2024 ranging from a minimum of $36.95 to an average of $38.53, with potential peaks reaching up to $42.25. These predictions indicate a positive outlook for ENS, suggesting potential growth and market confidence in the cryptocurrency throughout the year.
| ENS Price Prediction | Minimum Price | Average Price | Maximum Price |
| ENS Price Prediction 2024 | $36.95 | $38.53 | $42.25 |
Ethereum Name Service price predictions 2025 – 2030
| Year | Minimum | Average | Maximum |
| 2025 | $51.92 | $53.85 | $64.37 |
| 2026 | $74.79 | $77.48 | $91.50 |
| 2027 | $102.07 | $105.17 | $128.46 |
| 2028 | $149.06 | $154.31 | $178.45 |
| 2029 | $207.95 | $215.66 | $260.83 |
| 2030 | $295.73 | $304.35 | $366.07 |
Ethereum Name Service price prediction 2025
The Ethereum Name Service price prediction for 2025, suggests a notable inclination for the cryptocurrency, with its maximum price expected to reach $64.37. The minimum price of ENS could be around $51.92, with an average price of $53.85.
Ethereum Name Service price prediction 2026
In 2026, Ethereum Name Service price prediction is projected to experience significant growth. The maximum forecasted price stands at $91.50, with an expected average trading price of $77.48 and a minimum of $74.79.
Ethereum Name Service price prediction 2027
According to the Ethereum Name Service price prediction for 2027, the token could reach a peak of $128.46. The average price is projected to stabilize around $105.17, with a minimum expected at $102.07.
Ethereum Name Service price prediction 2028
For 2028, the Ethereum Name Service price prediction suggests a peak value of $178.45. The minimum trading price is expected to be $149.06, providing a potential support level. The average market value is projected to be around $154.31.
Ethereum Name Service price prediction 2029
According to the Ethereum Name Service price prediction for 2029, the cryptocurrency is anticipated to potentially achieve a peak Ethereum Name Service’s price of $260.83. The projected minimum price is expected to be $207.95, with an average trading price around $215.66.
Ethereum Name Service price prediction 2030
According to the Ethereum Name Service price prediction for 2030, we foresee the cryptocurrency potentially reaching a maximum price of $366.07. The projected minimum price is expected to be $295.73, with an average value around $304.35.
Ethereum Name Service price prediction: Analysts’ ENS price forecast
| Firm Name | 2024 | 2025 |
| Changelly | $50.05 | $64.36 |
| AMB Crypto | $19.63 | $16.01 |
| Swapspace | $23.22 | $53.68 |
Cryptopolitan’s Ethereum Name Service price prediction
Cryptopolitan’s Ethereum Name Service (ENS) price predictions span across several key years, reflecting optimistic forecasts for the cryptocurrency. ENS is projected to see significant growth in 2024, ranging from a minimum of $36.95 to a potential peak of $42.25.
Moving into 2025, ENS could reach a maximum price of $64.37. Subsequent years show a steady upward trend, potentially reaching as high as $366.07 by 2030.
Ethereum Name Service historic price sentiment
- In January to March 2022, ENS started at $10.75 and peaked at $15.21 in March, driven by 18.53 million trading volume.
- From April to June 2022, the price dropped from $15.21 to $9.28, with a 16.83% decline in May and 6.10 million trading volume.
- Between July and September 2022, there was a slight recovery from $9.28 to $8.01, with stable trading volume at 4.62 million.
- From October to December 2022, ENS saw an uptick from $7.75 to $10.75, with trading volume increasing to 31.06 million.
- In January to March 2023, the price surged from $15.90 to $22.41, with 111.62 million trading volume.
- During April to June 2023, the price fluctuated from $12.00 to $9.28, with stable trading volume around 8.41 million.
- From July to September 2023, there was a slight recovery from $9.55 to $8.01, with trading volume at 6.81 million.
- Between October and December 2023, the price increased from $8.01 to $9.67, with trading volume rising to 28.93 million.
- In January to March 2024, ENS surged from $17.84 to $30.69, with trading volume peaking at 42.18 million.
- In April 2024, the price dropped from $22.35 to $14.60, a 34.85% decrease.
- During May 2024, there was a significant recovery from $14.59 to $25.85, with trading volume increasing to 37.99 million. ENS traded within the range of $19 to $25 in June.
- In July 2024, ENS is trading around the $26 mark.
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