Ethereum Name Service(ENS) Price Prediction: New ATH for ENS Price in 2025?

Key Takeaways:

• Ethereum Name Service Current Status: As of July 1, 2024, ENS trades at $31.18 with a 24-hour increase of +28.9% and 7-day change of +49%, reflecting a bullish sentiment amid a $988 billion market cap and $311 million trading volume.
• Market Performance: Ethereun Name Service price has shown a very strong recovery and rally trend despite heavy volatility in the overall crypto market. It has also been one of the few tokens that has gone against the broader market in terms of crypto market trends.
• Technical Analysis: ENS price trends above bullish 50-day and 200-day EMAs, showing resilience despite market corrections, with key support at $26.7 and potential resistance breakout at $31.3.
• ENS Price Predictions: Short-term forecasts anticipate ENS trading between $35 and $41 in July 2024, with medium to long-term projections ranging from $70 to $75 in 2024 and up to $175 to $200 by 2030, driven by technological advancements and market enthusiasm.
• Future Outlook: Anticipation for the ENSv2 upgrade, focusing on scalability and flexibility, fuels investor optimism, though market volatility and regulatory factors pose potential challenges, influencing ENS price trajectory in 2024 and beyond.

Ethereum Name Service Price Overview as of July 1, 2024

Why is Ethereum Name Service Price Rising?

Ethereum Name Service (ENS) is a widely recognized blockchain platform that allows users to register .ETH domains, such as john.eth, providing a user-friendly Web3 identity instead of random characters. This feature is crucial as it simplifies interactions within the blockchain ecosystem. ENS is compatible with major blockchains like Optimism, Solana, Arbitrum, and Base Blockchain, enhancing its utility across different platforms.

Over the years, ENS has amassed over 2.14 million names and achieved 409 integrations, showcasing its widespread adoption. Esteemed figures in the industry, including Ethereum co-founder Vitalik Buterin, have praised ENS for its vision of simplifying the Web3 landscape. This praise has bolstered its credibility and appeal among blockchain enthusiasts.

ENS is gearing up for ENSv2! To address community concerns about the impact on current ENS names and the platform’s future, we’ve put together an FAQ with some of most of the commonly asked questions.https://t.co/hK0Xf89khh

— ens.eth (@ensdomains) June 21, 2024

Recently, the ENS token price has experienced a significant surge. This increase is largely driven by investor anticipation of the upcoming ENSv2 upgrade, which promises improvements in scalability, affordability, and flexibility. The upgrade roadmap indicates that developers are currently focused on enhancing name resolution and managing reserve resolution. Although the exact release date of the V2 upgrade has not been announced, signs suggest it will be a few months before it is rolled out. This anticipation has fueled investor optimism, contributing to the rising ENS token price.

Ethereum Name Service Price Technical Analysis

ENS/USD | Source: TradingView

• Unlike the rest of the crypto market in the last couple of weeks, Ethereum Name Service price has been proactively rising and making hefty gains along the way. ENS price’s latest rally began after the correction in April and started in the middle of May and despite a brief pullback in the middle of June, ENS price recovered very well to trade at new YTD highs.
• ENS price is trading well above the 50-day and 200-day EMA, both of which are in a bullish crossover, that started back in May 2024. This bodes well for the upcoming weeks if as the broader crypto market begins to regain bullish momentum.
• If ENS price can break out of the R1 Fibonacci level for July at $31.3 – then we can see fresh targets of $40 before the end of this month.
• On the other hand, the base pivot point at $26.7 should serve as a good region of support for the as it was previously a good resistance level that has now been flipped successfully by ENS price.

Read More: Ethereum Price Prediction

ENS Price Prediction 2024-2030

Ethereum Name Service Price Prediction July 2024

In July 2024, Ethereum Name Service price is expected to trade between $35 and $41. This price range suggests that ENS can continue its impressive rally that began in mid-May 2024. Supported by a moderate to bullish overall crypto market outlook, ENS price might experience upward momentum. The price could test the upper limits of this range, driven by positive market sentiment and increased trading volumes. Technical indicators such as moving averages and RSI point towards a sustained bullish trend, with the possibility of brief consolidations.

Traders should watch for key support levels around $35, as well as resistance near $41. A breakout above $41 could signal further gains, while maintaining above $35 will be crucial for preserving the bullish momentum. The broader market conditions and any significant news related to Ethereum or the crypto sector could influence ENS price action throughout the month.

Ethereum Name Service Price Prediction August 2024

For August 2024, ENS price is projected to range between $40 and $43. This month is likely to see rangebound trading, with slight bullish indications as “Uptober” approaches. The ENS price might exhibit minor fluctuations within this band, reflecting a consolidation phase before a potential breakout.

Technical analysis suggests maintaining a close watch on the upper resistance at $43 and the support level at $40. Indicators such as Bollinger Bands and MACD could provide insights into any imminent price shifts. The moderate bullish trend could gain strength towards the end of the month, setting the stage for a more dynamic price movement in September.

Ethereum Name Service Price Prediction September 2024

In September 2024, ENS price is expected to trade between $49 and $54. This period may witness stronger bullish momentum as anticipation builds for “Uptober.” The growing market excitement is likely to push ENS prices higher, potentially breaking past resistance levels.

Technically, key support is seen around $49, while resistance at $54 could be tested multiple times for Ethereum Name Service price. The upward trajectory is supported by indicators such as the Relative Strength Index (RSI) and Moving Averages Convergence Divergence (MACD), suggesting increased buying pressure. If the bullish trend continues, ENS might establish new highs by the end of the month.

Know More: Bitcoin Price Prediction

Ethereum Name Service Price Prediction October 2024

October 2024 is anticipated to be a pivotal month for ENS price, ranging between $63 and $67. The overall crypto market excitement is expected to drive one of the strongest gains in ENS price this year. Breaking through the critical psychological resistance at $65, ENS might even approach $70.

Technical analysis highlights a bullish breakout pattern, supported by increased volume and positive sentiment. The critical levels to watch are the $63 support and $67 resistance. Momentum indicators like MACD and RSI suggest strong upward movement, indicating potential for sustained growth throughout the month.

Ethereum Name Service Price Prediction November 2024

November 2024 is expected to see ENS price between $69 and $73, continuing the momentum from October. The “Uptober” hype may spill over into November, driving ENS to new highs. The sustained bullish trend could push the price towards the upper end of this range.

Key technical levels include support at $69 and resistance at $73. A breakout above $73 could indicate further gains. Monitoring technical indicators such as the Stochastic Oscillator and Volume Weighted Average Price (VWAP) can provide additional insights into market dynamics and potential price movements.

Ethereum Name Service Price Prediction December 2024

December 2024 might witness a more tempered market for ENS price, ranging around $75. After two strong bullish months, this period could see some consolidation. The $75 level is likely to act as a significant psychological resistance.

Technical analysis suggests that while the bullish momentum may slow down, maintaining the $75 level could be crucial for future gains. Support levels are expected to form around $70, providing a buffer against potential downturns. Indicators like Bollinger Bands and RSI will be essential in gauging the market’s direction as the year concludes.

Ethereum Name Service Price Prediction 2025

Ethereum Name Service price is predicted to trade between $98 and $113 in 2025. The bullish trend that started in 2024 is expected to continue into 2025, fueled by broader market enthusiasm and increased adoption of decentralized services. Key technical levels to watch include support at $98 and resistance at $113. Moving averages and RSI indicators suggest a robust upward momentum, potentially leading to new highs within this range. The integration of advanced features and growing community support could drive ENS to the upper end of this spectrum.

Ethereum Name Service Price Prediction 2026

In 2026, ENS price is forecasted to range from $80 to $87. This year might see a period of consolidation after the significant gains of the previous year. The market could experience some corrections, bringing the price down to this range. Support is expected around $80, with resistance at $87. Technical analysis indicates a potential stabilization phase, with the 50-day and 200-day EMAs likely to converge, suggesting a period of relative price stability. This could be an opportunity for long-term investors to accumulate more ENS at a lower price.

Ethereum Name Service Price Prediction 2027

By 2027, ENS price is anticipated to trade between $97 and $105. The market is likely to recover from any previous consolidation phases, driven by renewed interest and technological advancements within the Ethereum ecosystem. Support levels at $97 and resistance around $105 will be critical. Indicators like MACD and Bollinger Bands might show increased volatility, suggesting potential for both significant gains and corrections. Overall, a bullish outlook prevails, with ENS poised to capitalize on broader market trends and increasing utility in decentralized applications.

Ethereum Name Service Price Prediction 2028

In 2028, ENS price is expected to range between $135 and $150. This period could mark a significant bullish phase, with prices breaking through previous resistance levels. The $135 support and $150 resistance will be key areas to monitor. Technical indicators such as RSI and Stochastic Oscillator might show overbought conditions, but sustained positive market sentiment could push prices higher. The growing adoption of ENS and its integration into various blockchain projects could drive this substantial price increase, positioning ENS as a leading asset in the crypto market.

Ethereum Name Service Price Prediction 2030

Looking ahead to 2030, ENS price is forecasted to be between $175 and $200. This decade might see ENS price reaching new all-time highs, driven by the widespread adoption and technological innovations in the blockchain space. Key support is anticipated around $175, with resistance at $200. Technical analysis suggests a strong upward trend, supported by moving averages and volume indicators. The continued expansion of the Ethereum ecosystem and increasing demand for decentralized naming services could propel ENS to the upper limits of this range, making it a crucial player in the future of decentralized technologies.

Will the Ethereum Name Service Price Continue to Rise in 2024?

Ethereum Name Service price has shown significant movements throughout 2024, and its future trajectory is a topic of interest among investors and analysts. Several factors could influence whether ENS continues its upward trend.

The broader crypto market’s performance plays a crucial role in ENS price direction. With the overall market outlook appearing moderately bullish, driven by Bitcoin’s rally to historic highs and increased adoption of decentralized services, ENS price could benefit from this positive sentiment. Technical indicators, such as moving averages and relative strength index (RSI), suggest that ENS might sustain its rally if it continues to trade above key support levels and break through significant resistance points.

However, it is essential to consider potential market corrections and external factors that could impact the price. The crypto market is known for its volatility, and sudden shifts in investor sentiment or regulatory changes could lead to price fluctuations. Additionally, the broader adoption of ENS price and its integration into more decentralized applications will be pivotal in sustaining its price growth.

While there are optimistic signs for ENS in 2024, the market’s inherent unpredictability warrants a cautious approach. Monitoring technical trends, market news, and broader economic factors will be crucial in assessing whether ENS can maintain its upward momentum.