Ethereum Name Service – Mapping ENS’s road to $32 and beyond

Main Idea
Ethereum Name Service (ENS) experienced a significant price rally from $18 to $30, driven by large exchange outflows and strong accumulation, with potential for further movement toward $45 if key resistance levels are breached.
Key Points
1. Over 250,000 ENS tokens were withdrawn from top exchanges in mid-July, reducing sell pressure and signaling strong accumulation.
2. ENS price surged from $18 to $30, with indicators like Chaikin Money Flow (CMF) and MACD supporting a bullish outlook.
3. Liquidity levels at $32–$34 could trigger a short squeeze and upside breakout, while support at $29 is critical to avoid a drop to $26.
4. A sustained break above $30 could open the door for a move toward $45, potentially driving the price past $50 if bullish momentum continues.
5. The article highlights the importance of monitoring liquidity and resistance levels to gauge ENS's next price movement.
Description
ENS rallies on back-to-back exchange outflows. Are whales gearing up for a bigger move?
Latest News
- 6 mln ETH gone forever: Will shrinking supply fuel Ethereum’s $4K run?2025-07-27 11:08:17
- Mitigating Systemic Risk in Web3: The Role of Decentralized Services from Oraichain, Pinlink, and RSS32025-07-27 10:55:30
- The Investment Thesis for Web3 Infrastructure: Analyzing Oraichain, Pinlink, and RSS32025-07-27 10:33:58
- Creating New Digital Economies: The Monetization Models of Oraichain, Pinlink, and RSS32025-07-27 10:31:55
- BlackRock’s CIO fires at Fed’s policy delay: ‘It’s not a goods economy’2025-07-27 10:05:17