In this Ethereum Name Service technical analysis, we will examine the current price action, trading volume, key levels and indicators for ENS-BTC. Sure, here are three sentences about Ethereum Name Service (ENS) cryptocurrency: ENS is a decentralized naming system built on the Ethereum blockchain that allows users to purchase and manage human-readable domain names, such as “example.eth” or “myproject.org”, which can be used to easily identify and remember addresses or resources on the Ethereum network. These domain names are stored in a decentralized registry and can be transferred, sold, or used to create unique identities for individuals, organizations, or assets. By leveraging the power of blockchain technology, ENS provides a secure, transparent, and censorship-resistant naming system that can be used by anyone, anywhere in the world.
Ethereum Name Service Price Overview:
As of October 03, 2023, Ethereum Name Service is trading at approximately 0.00028 BTC. Let’s dive into the detailed price action for ENS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00029 |
| High (H) | 0.00029 |
| Low (L) | 0.00028 |
| Close (C) | 0.00028 |
| Volume (C) | 1,064.92 |
- Open (O): The opening price for today’s trading session was approximately 0.00029 BTC.
- High (H): Ethereum Name Service reached a daily high of around 0.00029 BTC.
- Low (L): The daily low for ENS-BTC was approximately 0.00028 BTC.
- Close (C): At the time of analysis, Ethereum Name Service is trading near its daily close of 0.00028 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.91% |
| 3D Change (%) | -5.01% |
| 7D Change (%) | 0.32% |
| 30D Change (%) | 0.04% |
| 90D Change (%) | -2.32% |
| YTD Change (%) | -56.73% |
Over the past three days, ENSBTC has fallen by approximately -5.01%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.32%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ENSBTC maintaining an upward trend of approximately 0.04%, despite intermittent fluctuations. Examining the last 90 days, ENSBTC has witnessed substantial decrease of approximately -2.32%, reflecting strong long-term confidence. Year-to-date, ENSBTC has steadily declined by around -56.73%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Ethereum Name Service Live Chart:
You can access a live price chart for ENS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.34482.
- Momentum score is 0.00035.
ENS BTC Technical Analysis
Ethereum Name Service Trading Volume:
The trading volume for Ethereum Name Service (ENS) over the past 24 hours has been insignificant, with approximately 1,064.92 BTC traded against ENS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ENS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Ethereum Name Service is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ENS-BTC is currently in the neutral zone, around 45.58666. This suggests that Ethereum Name Service is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Ethereum Name Service (ENS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
