ENS USDT Ethereum Name Service Technical Analysis

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By Frans van Elst

Ethereum Name Service logo In this Ethereum Name Service technical analysis, we will examine the current price action, trading volume, key levels and indicators for ENS-USDT. ENS is a decentralized naming system built on the Ethereum blockchain that allows users to claim and manage unique digital identities, such as domain names, for use in various applications and services. With ENS, users can securely and transparently register and transfer domain names, enabling a wide range of use cases such as decentralized finance (DeFi) and non-fungible tokens (NFTs). By leveraging the security and transparency of the Ethereum blockchain, ENS provides a reliable and trustless naming system for the next generation of web3 applications.

Ethereum Name Service Price Overview:

As of May 15, 2024, Ethereum Name Service is trading at approximately 14.12 USDT. Let’s dive into the detailed price action for ENS-USDT:

Acknowledge potential headwinds for Ethereum Name Service (ENSUSDT) at 14.12 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 13.35
High (H) 14.17
Low (L) 13.25
Close (C) 14.12
Volume (C) 232,831.61
  • Open (O): The opening price for today’s trading session was approximately 13.35 USDT.
  • High (H): Ethereum Name Service reached a daily high of around 14.17 USDT.
  • Low (L): The daily low for ENS-USDT was approximately 13.25 USDT.
  • Close (C): At the time of analysis, Ethereum Name Service is trading near its daily close of 14.12 USDT.
Metric Value
1D Change (%) 5.85%
3D Change (%) 2.02%
7D Change (%) -0.70%
30D Change (%) 4.36%
90D Change (%) -40.65%
YTD Change (%) 45.87%

Over the past three days, ENSUSDT has increased by approximately 2.02%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ENSUSDT maintaining an upward trend of approximately 4.36%, despite intermittent fluctuations. Examining the last 90 days, ENSUSDT has witnessed substantial fall of approximately -40.65%, reflecting strong long-term confidence. Year-to-date, ENSUSDT has steadily increased by around 45.87%, 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-USDT 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 0.79888.
  • Momentum score is -0.04206.

ENS USDT 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 232,831.61 USDT 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-USDT is currently in the low zone, around 43.62982. This suggests that Ethereum Name Service is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Ethereum Name Service (ENS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Acknowledge potential headwinds for Ethereum Name Service (ENSUSDT) at 14.12 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Missing our detailed breakdown on ENS BTC Ethereum Name Service Technical Analysis would be a lost opportunity if you found value in this post.

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.

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