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Key takeaways
- Ethereum Name Service price prediction suggests a peak price of $30.28 in 2024.
- By 2027, ENS could see significant growth, with predictions suggesting a potential maximum price of $102.71.
- ENS could achieve its highest price yet, reaching up to $314.51.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
| Cryptocurrency | Ethereum Name Service |
| Token | ENS |
| Price | $21.34 |
| Market Cap | $703,654,834 |
| Trading Volume | $70,057,677 |
| Circulating Supply | 33,000,021 ENS |
| All-time High | $85.69, Nov 11, 2021 |
| All-time Low | $6.70, Oct 19, 2023 |
| 24-h High | $22.59 |
| 24-h Low | $20.77 |
Ethereum Name Service technical analysis
| Metric | Value |
| Price Prediction | $69.18 (228.30%) |
| Volatility | 16.07% |
| 50-Day SMA | $23.48 |
| 14-Day RSI | 58.81 |
| Sentiment | Neutral |
| Fear & Greed Index | 54 (Neutral) |
| Green Days | 13/30 (43%) |
| 200-Day SMA | $21.45 |
Ethereum Name Service price analysis: ENS sees bearish momentum at $21.34
TL;DR Breakdown
- Ethereum Name Service’s price analysis shows a bearish trend at $21.34.
- The ENS coin has decreased by 5.04% at the time of writing.
- ENS prices have sought resistance at $22.01.
On August 25, 2024, Ethereum Name Service (ENS) extended its downward trend, reinforcing its bearish trajectory. Currently valued at $21.34, ENS has dropped by 5.04% from its previous close. This persistent decline signals potential volatility in ENS’s short-term price movement. Additionally, market sentiment remains negative, with bearish investors leveraging favorable conditions to drive prices lower, despite ENS’s strong market capitalization.
Ethereum Name Service price analysis 1-day price chart: ENS decreases volatility at $21.34
In its 1-day price analysis, Ethereum Name Service (ENS) is exhibiting a bearish trend. Following a period of stability, ENS has fallen below its Moving Average. Currently trading at $21.34, the coin is testing the MA just below this level. Signs of a potential reversal are uncertain, as the price continues to struggle with breaking through the resistance level.
The narrowing gap between the Bollinger Bands indicates a reduction in market volatility. As the bands converge, market predictability is increasing. The upper band, which represents resistance, is at $22.01, while the lower band, serving as support, is at $16.50.
The Relative Strength Index (RSI) for ENS is currently at 52 and trending downward, remaining in the neutral zone. This suggests continued selling pressure, although potential signs of a reversal are beginning to emerge as the price seeks stability within this range.
ENS/USD 1-hour price chart: ENS volatility increases as price finds bearsish momentum at $21.34
On the hourly chart, ENS has shown a primarily bearish trend. Starting just below $21.40, the price has steadily decreased to approximately $21.34. This consistent decline underscores strong selling pressure and negative market sentiment. Despite some minor fluctuations, the overall trend remains downward, indicating sustained bearish momentum.
The upper limit of the Bollinger Bands for the cryptocurrency is at $21.96, acting as the resistance level, while the lower limit is at $20.84, providing support. The widening of the Bands indicates rising market volatility.
The RSI indicator is currently at 47, suggesting a neutral market with a balanced trading environment. However, the upward movement of the RSI indicates a potential shift toward overbought conditions, as buying pressure starts to surpass selling activity. This trend reflects increasing investor confidence and hints at the possibility of further price increases in the near future.
ENS technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 20.45 | BUY |
| SMA 5 | $ 19.82 | BUY |
| SMA 10 | $ 19.38 | BUY |
| SMA 21 | $ 19.55 | BUY |
| SMA 50 | $ 23.48 | SELL |
| SMA 100 | $ 23.38 | SELL |
| SMA 200 | $ 21.45 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 19.21 | BUY |
| EMA 5 | $ 19.02 | BUY |
| EMA 10 | $ 19.09 | BUY |
| EMA 21 | $ 20.16 | BUY |
| EMA 50 | $ 22.04 | SELL |
| EMA 100 | $ 22.20 | SELL |
| EMA 200 | $ 20.62 | BUY |
What to expect from the Ethereum Name Service price analysis?
Ethereum Name Service price analysis reveals that prices have decreased due to a recently initiated downward-biased trend. Selling activity has decreased ENS prices from $22.94 to $20.80, and given the present market, a bearish trend, it is improbable it will turn around very soon. The current price has stabilized at $21.34. Technical indications reinforce the downward trend, while price charts favor the bears.
Is ENS a good investment?
Currently, Ethereum Name Service (ENS) shows a bearish trend with a recent price of $21.34 and a significant decline from previous highs. The technical indicators, such as the 50-day SMA and 200-day SMA, suggest selling pressure, while volatility is increasing. Given the current market sentiment and bearish momentum, potential investors should exercise caution and consider these factors before investing.
Why is ENS down?
ENS is down due to a persistent bearish trend and strong selling pressure. The price has dropped by 5.04% recently, influenced by negative market sentiment and a downward trajectory below the Moving Average. Additionally, technical indicators and volatility trends are reinforcing the bearish outlook.
Will ENS recover?
The recovery of ENS is uncertain at this point. Although there are potential signs of reversal, such as the RSI’s upward movement, the overall trend remains bearish with increasing market volatility. The price has stabilized at $21.34, but the current technical indicators and market conditions suggest that a quick recovery may be unlikely.
Will ENS reach $100?
Forecasts for ENS indicate significant growth potential over the coming years, with the price projected to reach $102.71 by 2027. 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 $314.51 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 $314.51 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
- Ethereum Name Service (ENS) is excited to partner with Linea as it becomes the first zkEVM Layer 2 to offer official ENS subnames, enhancing the Linea ecosystem for users and developers.
We’re thrilled to collaborate with @LineaBuild as they become the first zkEVM Layer 2 to offer official ENS subnames!
— ens.eth (@ensdomains) July 30, 2024
We're excited to see how this empowers the users and developers of the Linea ecosystem 🤝 https://t.co/mPYfoiIZB3
- Ethereum Name Service (ENS) announced early access to Basenames during today’s BaseCamp livestream. This service allows users to secure unique names, showcase their skills, and connect with fellow builders.
ICYMI during today’s livestream at BaseCamp, Basenames are now in early access
— Base (@base) August 1, 2024
Get a unique name powered by ENS, build a based profile showing your skills,and discover other based builders that you want to work withhttps://t.co/HLCMYlVz4O pic.twitter.com/0OaFJECbgp
Ethereum Name Service price prediction August 2024
Ethereum Name Service (ENS) is expected to see a minimum price of $23.84 and an average price of $52.37. In a more optimistic scenario, the maximum predicted price for ENS could hit $80.90.
| Month | Minimum Price | Average Price | Maximum Price |
| August | $23.84 | $52.37 | $80.90 |
Ethereum Name Service price prediction 2024
Ethereum Name Service (ENS) forecast for 2024 suggests a minimum price of $27.04 and an average price forecasted at $27.99. In a more optimistic scenario, the maximum price for ENS could reach $30.28.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $27.04 | $27.99 | $30.28 |
Ethereum Name Service price predictions 2025 – 2030
| Year | Minimum | Average | Maximum |
| 2025 | $41.28 | $42.68 | $47.65 |
| 2026 | $59.27 | $61.41 | $73.21 |
| 2027 | $85.05 | $87.50 | $102.71 |
| 2028 | $124.01 | $128.38 | $145.58 |
| 2029 | $181.39 | $186.52 | $215.66 |
| 2030 | $264.33 | $273.66 | $314.51 |
Ethereum Name Service price prediction 2025
The ENS coin price prediction for 2025, suggests a notable inclination for the cryptocurrency, with its maximum price expected to reach $47.65. The minimum price of ENS could be around $41.28, with an average price of $42.68.
Ethereum Name Service price prediction 2026
In 2026, Ethereum Name Service price prediction is projected to experience significant growth. The maximum forecasted price is $73.21, with an expected average trading price of $61.41 and a minimum of $59.27.
Ethereum Name Service price prediction 2027
The Ethereum Name Service price forecast for 2027 projects a peak price of $102.71. The average price is projected to stabilize around $87.50, with the minimum price being $85.05.
Ethereum Name Service price prediction 2028
The Ethereum Name Service price prediction for 2028 suggests a peak value of $145.58. The minimum trading price is expected to be $124.01, providing a potential support level. The average market value is projected to be around $128.38.
Ethereum Name Service price prediction 2029
According to the Ethereum Name Service price prediction for 2029, the cryptocurrency is anticipated to potentially achieve a peak Ethereum Name Service’s price of $215.66. The projected minimum price is expected to be $181.39, with an average trading price around $186.52, reflecting a stable outlook with potential for significant growth over the year.
Ethereum Name Service price prediction 2030
According to the Ethereum Name Service price prediction for 2030, we foresee the cryptocurrency potentially reaching a maximum price of $314.51. The projected minimum price is expected to be $264.33, with an average value of around $273.66.
Ethereum Name Service market price prediction: Analysts’ ENS price forecast
| Firm Name | 2024 | 2025 |
| Gate.io | $28.29 | $32.29 |
| CoinCu | $342.01 | $570.01 |
| Swapspace | $30.13 | $36.98 |
Cryptopolitan’s Ethereum Name Service (ENS) price prediction
Cryptopolitan’s overall Ethereum Name Service price predictions present a promising outlook through 2030. For August 2024, the predictions suggest a range with a minimum of $23.84, an average of $52.37, and a maximum of $80.90, reflecting potential short-term volatility and significant gains. The 2024 forecast predicts a minimum price of $27.04, an average of $27.99, and a maximum of $30.28, indicating a more stable yet modest growth trajectory. For the subsequent years, ENS is expected to experience substantial growth, with 2025 projections showing a peak of $47.65 and prices continuing to rise to a maximum of $314.51 by 2030. These forecasts highlight a positive long-term trend for ENS, driven by increasing investor confidence and market expansion.
Ethereum Name Service historic price sentiment
- According to Ethereum Name Service’s price history, from January 2022 – March 2022, ENS started at $10.75 and saw fluctuations, peaking at $15.21 in March 2022, driven by trading volumes of around 18.53 million. The sentiment was positive, with a notable increase of 47.91% in January 2023.
- April 2022 – June 2022: Ethereum Name Service prediction saw volatility, starting at $15.21 and dropping to $9.28 by June 2022. This period marked a decline of 16.83% in May 2022 due to a drop in trading volume 6.10 million.
- July 2022 – September 2022: The price recovered slightly from $9.28 to $8.01 by September 2022, with a minor increase of 2.30% in August 2022, reflecting stable trading volumes of around 4.62 million.
- October 2022 – December 2022: ENS experienced a moderate uptick from $7.75 to $10.75 by December 2022, influenced by an increased trading volume of 31.06 million. The sentiment remained positive, with a rise of 5.60% in October 2022.
- January 2023 – March 2023: ENS started the year at $15.90 and reached a high of $22.41 in March 2023, marking an 84.49% increase in January 2023. Trading volumes rose significantly to 111.62 million, indicating strong bullish sentiment.
- April 2023 – June 2023: The price fluctuated from $12.00 to $9.28, declining 7.01% in June 2023. Trading volumes were relatively stable, around 8.41 million, reflecting cautious market sentiment.
- July 2023 – September 2023: ENS saw a slight recovery, climbing from $9.55 to $8.01 by September 2023, with a modest increase of 2.91% in July 2023. Trading volumes remained moderate at 6.81 million, indicating mixed market sentiment.
- October 2023 – December 2023: The price decreased from $8.01 to $9.67, reflecting a gain of 14.85% in December 2023. Trading volumes rose slightly to 28.93 million, suggesting growing interest towards year-end.
- January 2024 – March 2024: ENS surged from $17.84 to $30.69, marking a significant 77.05% increase in March 2024. Trading volumes peaked at 42.18 million, indicating strong bullish sentiment and investor confidence.
- In April 2024, Ethereum Name Service (ENS) experienced a price decline, starting at $22.35 and dropping to $14.60, marking a decrease of 34.85%.
- May 2024 showed a significant recovery for ENS, with the price surging from $14.59 to $25.85, an impressive gain of 77.05%. Trading volume also increased to 37.99 million, reflecting renewed investor interest and bullish market conditions.
- June 2024 continued the positive momentum for ENS, as the price rose from $25.89 to $30.69. In July, ENS reached a peak price of $31.06, and in August 2024, the coin is currently trading within the $20.77 – $22.21 range.