1
ENS price shows a bearish chart structure and suggests a short term fall.
2
Buyers faced rejection from the 50 day EMA.
Ethereum Name Service (ENS) forms a rounding top pattern and price is near the lower neckline of $7.00 which, if is breached, would lead to a short term fall toward $6.00 in the following sessions. Moreover, ENS indicated seller dominance and short buildup activity, explained by the selling pressure in the past sessions. The bulls were losing strength and failed to surpass the 20 day EMA.
ENS price is trading below the cluster of $8.00 and is hovering near the primary support of $7.00 which is the ideal range for a rebound. Furthermore, buyers are attempting to hold the region and attempting a pullback. However, the technical indicators are giving neutral signals. ENS may recover the gains and will retest the 50 day EMA zone soon.
Ethereum Name Service (ENS) price faced profit booking and lost over 52% gains from the start of 2023 sug
We współpracy z: https://www.thecoinrepublic.com/2023/09/14/ens-price-analysis-ens-forming-rounding-top-will-it-breach-7/
