Ethereum Name Service (ENS) Trades Haufi le Lilemo tse peli tse Phahameng

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TThe Ethereum Name Service has recently been hovering around the $22.00 mark. However, a sudden surge has occurred in the market today, taking it through multiple psychological resistance levels. As of the time of writing, the session is holding on to the promise of a continued upward move. Nevertheless, let’s consider how this market may be approached.

Lipalopalo tsa ENS:
Theko ea Hona joale ea ENS: $27.03
Lebitso la Ethereum Tšebeletso ea 'Maraka Cap: $851,088,461
Phepelo ea Potoloho ea ENS: 30,809,685
Ethereum Lebitso la Tšebeletso Kakaretso ea Phepelo: 100,000,000
Boemo ba ENS CoinMarketCap: 110

Maemo a Bohlokoa a Theko:
Khahlano: $ 27.03, $ 28.50, le $ 30.00
Ts'ehetso: $ 26.00, $ 24.50, le $ 23.00

ENS Pops the $27.00 Mark

As mentioned earlier, the price action in the Tšebeletso ea Lebitso la Ethereum Market has crossed multiple psychological price levels. Yet, technical indicators are still hinting that more moves may be seen even after such a huge price move in a session. However, it could be seen that the ongoing session has tested the $28.00 mark but seems to have retracted from it.

Nevertheless, the market remains at an impressive height, outside the uppermost limit of the Bollinger Bands. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines have just performed an upside crossover above the centerline of the indicator despite the price contraction off the $28.00 mark. This seems to be hinting that price action may still keep going upward.

Ethereum Name Service Seems Determined to Cross the $28.00 Mark

Moving to an ENSUSDT market of 4 hours, it could be perceived that this market is consistent with bullish characteristics. Here, the last price candle has even pushed the price further from what it was on the daily market. Also, the ongoing session can be seen standing comfortably above the $22.11 letšoao.

Consequently, this token trades high above the uppermost band of the Bollinger Bands.
Likewise, the MACD lines are appearing above the equilibrium level, while the only bar above the equilibrium level here is quite huge. Consequently, this shows that the market has been very volatile within a 4-hour timeframe. Therefore, traders can still use lipontšo tsa crypto ka lipehelo tse haufi le letšoao la $ 28.50 'marakeng ona.

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