Key takeaways
Ethereum Name Service price prediction suggests a peak price of $19.69 in 2024.
By 2027, ENS could see significant growth, with predictions suggesting a potential maximum price of $63.43.
ENS could achieve its highest price yet, reaching up to $202.78 by 2030.
Ethereum Name Service is a network that allows crypto-enthusiasts to rename their crypto addresses into something more uncomplicated for them to remember easily. Renaming crypto addresses through ENS will enable users to recollect and write them quickly.
Even though Ethereum Name Service is based on the Ethereum blockchain, it uses its cryptocurrency, ENS. ENS is used for governance purposes on the blockchain network. Users can also send and receive any cryptocurrency with the system’s wallet. The price of ENS has experienced ups and downs since it launched on the market, dropping to as low as $6.7, hitting an ATH of $85.69, and currently trading below $30.
How high can ENS go? Will ENS recapture its ATH soon?
Overview
CryptocurrencyEthereum Name ServiceTokenENSPrice$17.07Market Cap$565,463,529Trading Volume$38,614,372Circulating Supply33,131,124All-time High$85.69, Nov 11, 2021All-time Low$6.70, Oct 19, 202324-h High$17.1524-h Low$16.52
Ethereum Name Service technical analysis
MetricValuePrice Prediction$ 56.07 (228.95%)Volatility6.80%50-Day SMA$18.6614-Day RSI42.94SentimentBearishFear & Greed Index49 (Neutral)Green Days16/30 (53%)200-Day SMA$ 21.81
Ethereum Name Service price analysis: ENS stumbles $16.78 as the bearish signal continues
TL;DR Breakdown
Ethereum Name Service’s price analysis shows a bearish trend.
ENS sees 1.72% as at the time of writing.
ENS price seek resistance at $17.12.
The ENS price analysis for October 6 shows a clear bearish trend, with the price dropping to around $16.78. ENS has been moving along a descending trendline since the start of the day and failed to break out from it, resulting in further downtrends. There was some buying action in the market earlier today and it seemed that the bulls might take over. However, they were unable to push the prices higher, and the bears are now in control. Overall, the price action suggests continued bearish momentum, with ENS struggling to regain upward traction.
Ethereum Name Service 1-day price chart: Bearish pressure increases as prices stabilize at $16.78
The price analysis of Ethereum Name Service (ENS) in the 1-day chart shows that after a previous rally near the $30 mark, the price has been steadily declining. The current price hovers around $16.78, with some sideways movement down by 1.72%. The overall trend appears bearish, as the price continues to struggle to break higher resistance levels, indicating a lack of strong buying momentum.
ENS/USD bearish pressure increases as prices stabilize at $16.78
The MACD shows a crossover, with the MACD line slightly below the signal line , indicating continued downward momentum. The histogram bars are negative but shrinking, suggesting a possible weakening of the bearish trend.
ENS/USD 4-hour price chart analysis: ENS holds above $16.78 amid bearish winds
According to the 4-hour ENS price analysis, the prices have been moving along a descending trendline since the start of the day and have failed to break out from it. The bears are currently in control, and there is no sign of any bullish pressure as yet. The red candlestick of the day is slightly longer than that of the previous day, showing a bearish sentiment in the market.
ENS/USD holds above $16.78 amid bearish winds
The RSI for ENS is currently at 46.31 and is indicating a neutral stance as there is no strong selling or buying pressure seen in the market. The MACD shows the signal line crossing slightly above the MACD line, suggesting bearish momentum is weakening but has not fully reversed into a bullish trend.
ENS technical indicators: Levels and action
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 17.18SELLSMA 5$ 17.18SELLSMA 10$ 18.63SELLSMA 21$ 18.82SELLSMA 50$ 18.66SELLSMA 100$ 21.24SELLSMA 200$ 21.81SELL
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$ 18.13SELLEMA 5$ 18.20SELLEMA 10$ 18.47SELLEMA 21$ 19.45SELLEMA 50$ 21.42SELLEMA 100$ 21.87SELLEMA 200$ 20.51SELL
What to expect from ENS?
The overall momentum for ENS remains bearish, and the market is showing a negative crossover, signaling the possibility of selling pressure. Looking at both charts, it seems as if the bearish trend could continue in the days ahead.
Is ENS a good investment?
Ethereum Name Service (ENS) can be a good investment if you believe in the long-term potential of decentralized domain names and the growing adoption of blockchain technology. ENS offers a unique utility by allowing users to register human-readable names for Ethereum addresses, which simplifies transactions and interactions within the Ethereum ecosystem. Its value could increase as more users and businesses adopt decentralized web services.
Will ENS recover?
The ENS price has experienced a sharp drop followed by a gradual recovery, indicating some resilience in the market. While there has been a rebound from the low, whether ENS will fully recover depends on continued buying interest and broader market conditions, but the recent upward movement is a positive sign of potential recovery.
Will ENS reach $100?
Forecasts for ENS indicate significant growth potential over the coming years, with the price projected to reach $115.24 by 2029. This implies that reaching $100 is plausible within the next few years, driven by positive market trends and increasing adoption.
Will ENS reach $500?
Reaching $500 would require a substantial increase beyond current forecasts, which suggest a maximum price of $202.78 by 2030. While this is an ambitious target, it would necessitate exceptional market performance and broader adoption for ENS to achieve such a high valuation.
Does ENS have a good long-term future?
Ethereum Name Service (ENS) shows a strong long-term potential based on current predictions. The price is expected to increase significantly over the next several years, with forecasts extending up to $202.78 by 2030. This indicates a positive outlook for ENS, supported by ongoing market developments and growing investor interest.
Recent news/opinion on Ethereum Name Service
PayPal and Venmo now support ENS blockchain names for payments
PayPal and Venmo are making crypto transactions easier for everyone by supporting Ethereum Name Service (ENS). Instead of using long, complicated wallet addresses, users can now send and receive crypto with simple, human-readable names.
Ethereum Name Service price prediction October 2024
In October 2024, Ethereum Name Service (ENS) is expected to see a minimum price of $16.58 and an average price of $21.08. The maximum predicted price for ENS is $38.32.
MonthMinimum PriceAverage PriceMaximum PriceOctober$16.58$21.08$38.32
Ethereum Name Service price prediction 2024
Ethereum Name Service (ENS) forecast for 2024 suggests a minimum price of $17.47 and an average price forecasted at $18.31. While the maximum price for ENS could reach $19.69.
YearMinimum PriceAverage PriceMaximum Price2024$17.47$18.31$19.69
Ethereum Name Service price predictions 2025 – 2030
YearMinimum PriceAverage PriceMaximum Price2025$25.35$26.09$30.222026$35.51$36.81$43.192027$53.22$55.06$63.432028$79.61$82.37$92.562029$115.24$118.53$139.652030$164.16$168.90$202.78
Ethereum Name Service price prediction 2025
In 2025, the price of Ethereum Name Service is forecasted to be at around a minimum value of $25.35. Ethereum Name Service (ENS) can reach a maximum of $30.22 with the average trading value of $26.09.
Ethereum Name Service price prediction 2026
In 2026, Ethereum Name Service price prediction is projected to experience significant growth. The maximum forecasted price is $43.19, with an expected average trading price of $36.81 and a minimum of $35.51.
Ethereum Name Service price prediction 2027
The Ethereum Name Service price forecast for 2027 projects a peak price of $63.43. The average price is projected to stabilize around $55.06, with the minimum price being $53.22.
Ethereum Name Service price prediction 2028
In 2028 the price of Ethereum Name Service is expected to reach a minimum price value of $79.61. The ENS price can reach a maximum price value of $92.56 with the average value of $82.37.
Ethereum Name Service price prediction 2029
The price of Ethereum Name Service is expected to reach a minimum level of $115.24 in 2029. The ENS price can reach a maximum level of $139.65 with the average price of $118.53.
Ethereum Name Service price prediction 2030
Ethereum Name Service price is forecast to reach a lowest possible level of $164.16 in 2030. As per expert analysis, ENS price could reach a maximum possible level of $202.78 with the average forecast price of $168.90.
Ethereum Name Service market price prediction: Analysts’ ENS price forecast
Firm Name20242025Gate.io$28.29$32.29CoinCu$249.90$416.51Digitalcoinprice$37.62$44.43
Cryptopolitan’s Ethereum Name Service (ENS) price prediction
Cryptopolitan’s overall Ethereum Name Service price predictions present a promising outlook through 2030. ENS is expected to experience substantial growth, with 2025 projections showing a peak of $30.22 and prices continuing to rise to a maximum of $202.78 by 2030.
Ethereum Name Service historic price sentiment
ENS price history; Source: Coinmarketcap
ENS started at $10.75 in January 2022, peaked at $15.21 in March, then declined to $9.28 by June. The price stabilized around $8.01 in September and rebounded to $10.75 by December.
In early 2023, ENS rose sharply from $15.90 to $22.41 in March with high trading volumes. It then dropped to $9.28 by June, saw modest recovery to $9.67 by December.
By 2024, ENS surged to $30.69 by March, fell to $14.60 in April, then rebounded to $25.85 in May. It peaked at $31.06 in July, reached $21.1 in September, and currently trading between $16.55 – $17.24 in October.
This articles is written by : Fady Askharoun Samy Askharoun
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