- Bullish ENS price prediction is $17.56 to $38.34.
- Ethereum Name Service (ENS) price might also reach $25 soon.
- Bearish ENS price prediction for 2023 is $7.84.
In Ethereum Name Service (ENS) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about ENS to analyze the future movement of the cryptocurrency.
Ethereum Name Service (ENS) Current Market Status
| Current Price | $16.64 |
| 24 – Hour Trading Volume | $79,926,919 |
| 24 – Hour Price Change | 5.9% down |
| Circulating Supply | 25,783,233 |
| All – Time High | $83.40 (On Nov 11, 2021) |
What is Ethereum Name Service (ENS)?
On the Ethereum blockchain, there is a decentralized name system called Ethereum Name Service (ENS). Users can purchase names like “bob.eth” that are human-readable and map them to identifiers like addresses, content hashes, and metadata.
ENS is frequently compared to the internet’s version of DNS, the Domain Name Service (DNS) used by websites like google.com to provide human readable names while mapping against IP addresses.
In contrast to a DNS, ENS domains are controlled by smart contracts and are held by a DAO as opposed to a centralized authority like ICANN. Similar to purchasing an internet domain name, anyone can buy and sell an ENS name.
Ethereum Name Service (ENS) Price Prediction 2023
Ethereum Name Service holds the 112th position on CoinGecko right now. ENS price prediction 2023 is explained below with a daily time frame.
The above chart of ENS laid out the Ascending Scallop pattern, also known as the falling channel. An ascending scallop pattern is a bullish continuation pattern that appears near the top of an uptrend.It’s characterized by a rising price trend, followed by a short-term retracement, and then another rise to form a higher peak. This creates a scallop shape on a stock chart.
You can notice that the upward move after a throwback is usually faster than the previous one, which adds to the bullish sentiment in the market.This increase in momentum leads to more buyers entering the market, and the uptrend is likely to resume with a sustained move above the previous highs.
Currently, Ethereum Name Service (ENS) is in the range of $17.47. If the pattern continues, the price of ENS might reach the resistance levels of $22.69. If the trend reverses, then the price of ENS may fall to $13.29.
Ethereum Name Service (ENS) Support and Resistance Levels
The chart below shows the support and resistance levels of Ethereum Name Service (ENS).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Ethereum Name Service (ENS).
| Resistance Level 1 | $22.13 |
| Resistance Level 2 | $38.34 |
| Support Level 1 | $13.64 |
| Support Level 2 | $7.84 |
The charts show that Ethereum Name Service has performed a bullish trend over the past month. If this trend continues, ENS might run along with the bulls overtaking its resistance level at $38.34.
Accordingly, if the investors turn against crypto, the price of Ethereum Name Service might plummet to almost $7.84, a bearish signal.
Ethereum Name Service (ENS) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Ethereum Name Service is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ENS lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Ethereum Name Service is shown in the chart above. Notably, Ethereum Name Service (ENS) price lies below 50 MA (short-term), so it is in a downtrend. Currently, Ethereum Name Service has entered a bearish state. Therefore, there is a possibility of a reversal trend of Ethereum Name Service at any time.
Meanwhile, the relative strength index (RSI) of the Ethereum Name Service is 62.11. This means that Ethereum Name Service is in an nearly overbought state. However, this means a major price reversal of Ethereum Name Service may occur in the upcoming days. So, traders need to trade carefully.
Ethereum Name Service (ENS) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Ethereum Name Service. It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Ethereum Name Service (ENS). Currently, the ADX of ENS lies in the range of 15.70 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Ethereum Name Service (ENS). RVI measures the constant deviation of price changes over a period of time. The RVI of ENS lies above 50, indicating high volatility. In fact, the RSI of Ethereum Name Service (ENS) is at 62.11, thus confirming a potential buy signal.
Comparison of ENS with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Ethereum Name Service (ENS).
From the above chart, we can interpret the price actions of BTC, ETH and ENS are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of ENS also increases or decreases respectively.
Ethereum Name Service (ENS) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Ethereum Name Service (ENS) between 2024 and 2030.
Ethereum Name Service (ENS) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Ethereum Name Service (ENS) might probably attain $35 by 2024.
Ethereum Name Service (ENS) Price Prediction 2025
With several upgrades in the network, Ethereum Name Service (ENS) might enter a bullish trajectory. If the coin grabs the attention of major investors, ENS might rally to hit $45 by 2025.
Ethereum Name Service (ENS) Price Prediction 2026
If Ethereum Name Service (ENS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, ENS would rally to hit $55.
Ethereum Name Service (ENS) Price Prediction 2027
If Ethereum Name Service (ENS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, ENS would rally to hit $65.
Ethereum Name Service (ENS) Price Prediction 2028
If Ethereum Name Service (ENS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, ENS would rally to hit $75.
Ethereum Name Service (ENS) Price Prediction 2029
If Ethereum Name Service (ENS) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, ENS would hit $85 in 2029.
Ethereum Name Service (ENS) Price Prediction 2030
If investors flock in and continue to place their bets on Ethereum Name Service (ENS), it would witness major spikes. ENS might hit $105 by 2030.
Conclusion
With continuous improvements in the Ethereum Name Service Network, we can say that 2023 is a good year for ENS. For this reason, the bullish price prediction of Ethereum Name Service (ENS) in 2023 is $38.34. On the other hand, the bearish price prediction of Ethereum Name Service (ENS) price prediction for 2023 is $7.84.
Furthermore, with the advancements and upgrades to the Ethereum Name Service ecosystem, the performance of ENS would help to reach above its current all-time high (ATH) of $83.40 very soon. But, it might also reach $25, if the investors believe that ENS is a good investment in 2023.
FAQ
1. What is Ethereum Name Service (ENS)?
Ethereum Name Service is an open, distributed,and extensible naming system based on the Ethereum blockchain.
2. Where can you purchase Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) has been listed on many crypto exchanges which include Binance, WhiteBIT, OKX, DigiFinex, Coinbase Exchange, and KuCoin.
3. Will Ethereum Name Service (ENS) reach a new ATH soon?
With the ongoing developments and upgrades within the Ethereum Name Service platform, ENS has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Ethereum Name Service (ENS)?
On November 11, 2021 Ethereum Name Service (ENS) reached its new all-time high (ATH) of $83.40.
5. Is Ethereum Name Service (ENS) a good investment in 2023?
Ethereum Name Service (ENS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Ethereum Name Service in the past few months, ENS is considered a good investment in 2023.
6. Can Ethereum Name Service (ENS) reach $25?
Ethereum Name Service (ENS) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Ethereum Name Service (ENS) will hit $25 soon.
7. What will be Ethereum Name Service (ENS) price by 2024?
Ethereum Name Service (ENS) price is expected to reach $35 by 2024.
8. What will be Ethereum Name Service (ENS) price by 2025?
Ethereum Name Service (ENS) price is expected to reach $45 by 2025.
9. What will be Ethereum Name Service (ENS) price by 2026?
Ethereum Name Service (ENS) price is expected to reach $55 by 2026.
10. What will be Ethereum Name Service (ENS) price by 2027?
Ethereum Name Service (ENS) price is expected to reach $65 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
