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

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 Over 250,000 ENS tokens were withdrawn from top exchanges in mid-July, reducing sell pressure and signaling strong accumulation.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.