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ENS

ENS/USDT Keep an eye on the resistance, Could ENS Break out ??💎ENS has recently exhibited notable market dynamics. After experiencing a significant bounce from the demand area and facing rejection upon reaching the resistance level, the price is currently in an upward trajectory, encountering a crucial resistance zone. 💎 If ENS successfully manages to break through this resistance, there is a probability of a retracement before advancing towards our designated Bearish OB area. 💎 However, should ENS fail to breach the resistance once more, it could face a rejection, leading to a potential descent back towards the demand area, where a new momentum may be initiated. 💎 The demand area holds paramount significance, as a breakdown from this level would confirm a new lower low, indicative of a bearish trend. In such a scenario, the price could reach the Bullish OB area at 12.2. 💎 The Bullish OB area serves as the last support level for a bullish trend, necessitating a rebound and the reclamation of the price above the demand area if ENS intends to continue its upward movement. Failure to do so could result in a further breakdown, leading to a more substantial decline.
by MyCryptoParadise
1
GoDaddy and ENS Collaboration: A Leap Towards Crypto IntegrationGoDaddy ($NYSE: NYSE:GDDY ), the global giant in domain registration, has joined forces with the Ethereum Name Service (ENS). This partnership signifies a pivotal moment in the journey towards cryptocurrency mass adoption, opening doors for users to seamlessly integrate their conventional Web2 domains with Ethereum names at no additional cost. The Collaboration in Detail: The Ethereum Name Service, a decentralized domain system built on the Ethereum blockchain, has bridged the gap between Web2 and Web3 by partnering with GoDaddy ( NYSE:GDDY ). Through this collaboration, users now have the ability to link their existing domain names registered with GoDaddy ( NYSE:GDDY ) to Ethereum names effortlessly. Enhanced User Interface: GoDaddy ( NYSE:GDDY ) has revamped its user interface to accommodate this integration seamlessly. A dedicated section within the platform allows users to configure their domain names for use as alternatives to Ethereum addresses across various Web3 applications. This enhancement empowers users to engage with digital wallets, blockchain explorers, and NFT marketplaces using their familiar domain names, streamlining the user experience in the crypto space. Zero Extra Cost: One of the most compelling aspects of this collaboration is the absence of any extra cost for users. The initiative ensures that individuals can harness the benefits of blockchain technology without incurring additional expenses. This democratization of access aligns with the ethos of decentralized systems, making crypto integration more inclusive and user-friendly. Impact on ENS Token Value: The market response to this collaboration has been notable, with the ENS token experiencing approximately a 7% increase in value post-announcement. This uptick reflects the positive sentiment surrounding the partnership and underscores the growing importance of blockchain integration in mainstream platforms. Towards Mass Adoption: This collaboration between GoDaddy ( NYSE:GDDY ) and ENS marks a significant stride towards mass adoption of cryptocurrencies. By enabling users to leverage their existing domain names in the decentralized realm, the partnership addresses a key barrier to entry for many potential users. The enhanced user interface and zero additional cost aspects further contribute to a more seamless onboarding process for individuals looking to explore the world of blockchain technology. Conclusion: The GoDaddy ( NYSE:GDDY ) and ENS partnership exemplifies the evolving landscape where traditional web services intersect with the decentralized blockchain space. As more industry leaders embrace these collaborations, we can anticipate a smoother transition towards widespread adoption of cryptocurrencies. The enhanced user experience and the positive market response indicate that such initiatives play a crucial role in shaping the future of a more interconnected and decentralized internet.
NYSE:GDDYLong
by DEXWireNews
ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
ENS/USDT Assessing Breakout Potential at Key Resistance?🚀ENS 💎 Paradisers, let's zoom in on #ENSUSDT, which is currently showcasing a captivating market scenario. It is actively testing a critical resistance level, hinting at a possible breakout and subsequent bullish move. 💎 #EthereumNameService is in the spotlight, rigorously testing the resistance at $10.80 for the third time. This consistent pressure at the resistance level significantly increases the likelihood of a breakthrough. If ENS successfully overcomes this barrier, it could embark on a bullish journey, setting its sights on the higher resistance target at $14.89. 💎 However, the ever-volatile crypto market demands versatility in our strategies. Should #ENS struggle to conquer the $10.80 resistance, we might need to shift our tactical approach. This could involve gearing up for a bullish recovery from the Bullish Order Block (OB) at $8.28. It's crucial to stay alert: a descent below this OB level might suggest a brewing bearish trend in the market. 🌴💼
Long
by MyCryptoParadise_Simon
1
ENS/USDT Down for retesting phase on the support. Keep on eye!!💎 ENS recently faced a setback, encountering a firm rejection at a critical resistance area. This has led to a retreat towards a previously established support zone, now a focal point for a potential retesting phase. 💎 Market watchers are closely observing whether ENS can demonstrate resilience at this support level, the probability indicated by a bullish candle pattern or a strong bounce. 💎 Should ENS manage to rebound effectively from this support area, it may open the door for another attempt to breach the strong resistance area. Such a move would signal renewed bullish momentum and could significantly impact its market trajectory. 💎 Conversely, if ENS struggles to maintain its footing at the support level and breaches it downward, it could signify a shift back to a bearish trend. A breakdown below this support zone might lead ENS towards a more substantial support area, marking a deeper retracement in its value.
by MyCryptoParadise_Nathan
2
Why ENS (Ethereum Name Service) Is a Must-Buy in 2024 Certain tokens emerge as key players that not only stand out but also promise significant growth and integration into the broader ecosystem. Ethereum Name Service ( NYSE:ENS ) has recently experienced a remarkable surge of over 50%, reaching a 6-month high of $14.71. This surge can be attributed to none other than Ethereum co-founder Vitalik Buterin, who endorsed NYSE:ENS and highlighted its pivotal role in Ethereum's evolution and DeFi integration. A Cornerstone in Ethereum's Landscape: NYSE:ENS operates as the governance token for the Ethereum Name Service project, a platform facilitating users in acquiring domain names on the Ethereum blockchain. These domain names play a crucial role in simplifying cryptocurrency transactions, providing users with an easier and more intuitive way to transfer and receive funds. With over 2.1 million registered Ethereum-based domains to date, NYSE:ENS has become an indispensable part of the Ethereum landscape. Vitalik Buterin's Endorsement: The recent surge in NYSE:ENS 's value can be directly linked to Vitalik Buterin's endorsement. As a pivotal figure in the blockchain community, Buterin emphasized the critical role NYSE:ENS plays in the broader crypto ecosystem. His statements not only propelled NYSE:ENS to its highest point since April but also triggered a staggering 1764% increase in trading volume, reaching $409,882,454. The market's response to influential voices in the cryptocurrency world underscores the significance of Buterin's endorsement. Future Prospects and Integration in DeFi: Buterin's vision for integrating ENS with layer-2 blockchains to enhance decentralized finance (DeFi) user experiences resonates with the market's direction. This strategic move positions ENS as a crucial component in the evolution of the Ethereum ecosystem, promising further growth and integration in the future. As the market increasingly values user-friendly and streamlined solutions, NYSE:ENS stands out as a project with immense potential. Why You Should Consider Buying ENS: 1. Endorsement by Vitalik Buterin: As a co-founder of Ethereum, Buterin's endorsement adds credibility and highlights the project's importance in the crypto space. 2. Growing Importance: ENS's role in simplifying cryptocurrency transactions and the increasing adoption of Ethereum-based domains underline its growing importance in the Ethereum landscape. 3. Surge in Trading Volume: The recent surge in trading volume reflects a heightened market interest, presenting an opportunity for potential buyers. 4. Strategic Integration with DeFi: ENS's alignment with the vision of integrating with layer-2 blockchains for enhanced DeFi experiences positions it as a forward-thinking and essential player in the evolving crypto landscape. Conclusion: As the cryptocurrency market continues to evolve, strategic investments in projects with a clear vision and growing importance become increasingly attractive. ENS, backed by Vitalik Buterin's endorsement and its pivotal role in Ethereum's evolution, presents a compelling opportunity for buyers looking to capitalize on the future of decentralized finance and blockchain integration. With its recent surge and promising prospects, ENS stands out as a must-buy in 2024, offering investors a chance to be part of a transformative journey within the crypto space.
Long
by DEXWireNews
ETHEREUM NAME SERVICE HEAD AND SHOULDERS PATTERN - 14.6$ TARGET!Upon analyzing the Ethereum Name Service (ENS) vs USDT, we've discovered an amazing Head and Shoulders Pattern in the Macro Overview that would take us arround 14$ , and can be extended towards 16$ . These targets do also match the Fibbonaci 1.618 retracement from the highs on July to the lows of October. This pattern is breaking at the moment and Backtesting the resistance as as support of 9.5$. This is looking insane for a short term explosion!!! Don't miss it out.
COINBASE:ENSUSDLong
by xReve