ENS (Ethereum Name Service)

What's important right now
• The price on Gate is holding in the range of 26–27 USDT (≈ +10 % over the last 24 hours).
• The spot volume on Gate exceeds 4 million USDT, with a total market volume of about 180 million USDT – this is above the average levels of June. • The unlocking of 48,000 ENS (≈ 0.05% of the turnover ) is happening today and, judging by past similar events, is barely noticeable for liquidity.
• The on-chain fund is stable: 2,500–3,000 active addresses per day without sharp spikes in the inflow or outflow of coins to exchanges.
• Social sentiment is moderately "bullish": the hashtag #ENS remains in the top 100 crypto tags on Twitter, with a 28% increase in the search for "ENS token" on Google Trends over the past two weeks. • ENS DAO is discussing only technical proposals ( "ProposalBond" ) – there is currently no direct impact on the tokenomics.

Technical picture
The daily candle is consistently positioned above all key moving averages: 20-EMA ≈ 24.8 USDT, 50-EMA ≈ 22.4 USDT, and 200-EMA ≈ 19.6 USDT.
RSI-14 is at 60 — there is room before the overbought zone. The MACD has been holding a green histogram for a week. The average daily volatility (ATR-14) is around 2 USDT, which is ±8% from the price. A buyer cluster is forming in the range of 22–24 USDT; the nearest serious resistance is 30 USDT, then the range of 35-38 USDT.

Scenarios for 1–2 weeks
The base (~50 %)ENS is consolidating between 24 and 30 USDT: the market is calmly digesting today's unlock. Plan: buy at 25–26 USDT, stop at 22 USDT, target 30 USDT (risk/reward ratio ≈ 2).

Bullish (~30 %)Against the backdrop of a new integration announcement or a sharp increase in volume, the price breaks through 30 USDT and aims for 35-38 USDT. Plan: take part of the position at 30 USDT, keep the rest until 35 USDT; move the stop up to 26 USDT.

Bearish (~20 %)When Bitcoin drops or there is a large withdrawal of ENS to exchanges, the price falls below 22 USDT and tests the 18-20 USDT zone. Plan: stop-loss at 22 USDT; re-entry possible closer to 19 USDT after confirmation of reversal.

Horizon 1–3 months

24-32 USDT and sideways trend — probability about 45 %.

Breakthrough in the range of 35-45 USDT — probability 35 % ( will require a strong driver: listing on a major American exchange or mass adoption of ENS identifiers ).

Correction to 18-20 USDT — probability 20 % ( global risk-off for altcoins or negative regulatory background).

Trading zones and risk management

Entry: 25–26 USDT; possible additional purchase upon return to 24 USDT.

Stop-loss: 22 USDT ( below the 50-EMA and daily volume cluster ).

Goals: first - 30 USDT; extended - 35 USDT; extreme - 38 USDT.

Position size: no more than 5% of the portfolio, so that the risk per trade does not exceed 1%.

Exit signals: inflow to exchanges exceeding 200 k ENS per day or daily close below 24 USDT on increasing volume.

Main risks and triggers

Large ENS withdrawal from large wallets (≥ 150 k) and immediate sale.

Deep market drawdown of ETH; ENS closely correlates with the movement of Ethereum.

Negative regulatory rhetoric regarding NFT domains.

Attack on the front-ends of popular .eth registrars, which may undermine trust in the service.

Result
ENS looks technically strong: the price is above all key EMAs, RSI is in the "working" zone, and volumes are increasing. The baseline scenario remains a gradual rise to 30 USDT with a clear stop below 22 USDT. A breakout above 30 USDT on increasing volume will open the way to the 35+ USDT zone. The market is watching how the community digests today's micro-unlocks — and, of course, the overall dynamics of Ethereum.