ENS Could Go Above $30 Soon | Credit: Hameem Sarwar
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Key Takeaways
ENS is once again testing its long-standing range high of $26.50 after multiple failed breakout attempts.
The price has spent over two years in consolidation, but momentum indicators suggest a potential shift.
How high can ENS go this time?
Ethereum Name Service (ENS) has spent over two years grinding through a long-term consolidation range, with several failed attempts to break out above resistance.
But that could be about to change.
Momentum is building, and a series of fresh catalysts now point to a potential breakout. The charts are flashing bullish signals, and ENS might finally be ready to move.
Let’s examine the technical setup and what could come next.
ENS Price Analysis
ENS has spent most of 2024 stuck between $13.50 and $26.50, frustrating bulls with multiple failed breakout attempts.
The only exception was in December 2024, when ENS briefly spiked to $50.55, only to fall back into its long-standing range.
That may be about to change.
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Since bouncing off range support in April (green icon), ENS has pushed higher, breaking out of a diagonal resistance trendline along the way. Now, it’s knocking on the door of $26.50—an area that has capped the price for over a year.
A confirmed breakout here could open the floodgates for a parabolic rally. If bullish momentum holds, ENS could target $50, with a shot at $75, the last major resistance zone before retesting its all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
