In this Ethereum Name Service technical analysis, we will examine the current price action, trading volume, key levels and indicators for ENS-BTC. ENS is a decentralized naming system built on the Ethereum blockchain that allows users to register human-readable domain names (e.g., “example.eth”) for use in web3 applications and services. These domains can be used to create unique identities, store data, and even host websites, all without relying on a centralized registry. With ENS, users have full control over their online presence and can easily manage their digital assets in a secure and decentralized manner.
Ethereum Name Service Price Overview:
As of March 07, 2024, Ethereum Name Service is trading at approximately 0.00037 BTC. Let’s dive into the detailed price action for ENS-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00039 |
| High (H) | 0.0004 |
| Low (L) | 0.00037 |
| Close (C) | 0.00037 |
| Volume (C) | 18,409.26 |
- Open (O): The opening price for today’s trading session was approximately 0.00039 BTC.
- High (H): Ethereum Name Service reached a daily high of around 0.0004 BTC.
- Low (L): The daily low for ENS-BTC was approximately 0.00037 BTC.
- Close (C): At the time of analysis, Ethereum Name Service is trading near its daily close of 0.00037 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.00% |
| 3D Change (%) | 17.16% |
| 7D Change (%) | 8.30% |
| 30D Change (%) | -28.31% |
| 90D Change (%) | 71.30% |
| YTD Change (%) | 62.02% |
Over the past three days, ENSBTC has increased by approximately 17.16%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 8.30%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ENSBTC maintaining a downward trend of approximately -28.31%, despite intermittent fluctuations. Examining the last 90 days, ENSBTC has witnessed substantial rise of approximately 71.30%, reflecting strong long-term confidence. Year-to-date, ENSBTC has steadily increased by around 62.02%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Ethereum Name Service Live Chart:
You can access a live price chart for ENS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.22002.
- Momentum score is -0.19167.
ENS BTC Technical Analysis
Ethereum Name Service Trading Volume:
The trading volume for Ethereum Name Service (ENS) over the past 24 hours has been insignificant, with approximately 18,409.26 BTC traded against ENS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ENS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Ethereum Name Service is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ENS-BTC is currently in the neutral zone, around 47.92307. This suggests that Ethereum Name Service is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Ethereum Name Service (ENS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment in Ethereum Name Service (ENSBTC) at 3.71e-04 BTC with technical analysis, showcasing weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on ENS USDT Ethereum Name Service Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
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