ENS Price Rebounds 64% From All-Time Low — What’s Next?

Ethereum Name Service (ENS) is beginning to show signs of recovery after falling to a new all-time low. The token has rebounded significantly from its lowest point, while the recent price structure suggests that buyers may be gradually regaining momentum. However, several important resistance levels remain ahead, and ENS will need to overcome them for the recovery to develop into a more sustained upward move.

ENS technical analysis

ENSUSD - 1 Day Time Frame

ENS moved mostly sideways for several weeks before reaching a new all-time low of $3.77. Since then, the token has gradually begun forming higher highs and higher lows. From this low, the price has risen by more than 64%, with ENS currently trading at approximately $6.20.

The first and most significant support area is located around $5.59. If the price returns to this level, a stronger reaction from buyers could emerge. However, it could be important for the market to avoid closing a higher-timeframe candle below this area. Such a close could disrupt the improving market structure and, from a price action perspective, open the door to further downside.

If ENS fails to hold this key support area, the next important level to monitor would be $4.62. Here, the focus would again be on buyer activity and whether the level can be defended. A strong reaction followed by a move higher could provide an early indication of another short-term shift in favor of buyers.

ENS price target

If ENS finds enough strength to continue moving higher, the first key objective would be a breakout above the $6.31 resistance level, an area from which the market has previously been rejected. If buyers manage to break through this zone, a higher-timeframe candle close above $6.31 and the ability to hold the level during a potential pullback could strengthen the bullish scenario. In that case, the next target could be the resistance level at $7.39.

Beyond this area, the third target is located at $9.12, while the fourth target sits at $10.39. The latter is also close to the psychologically important $10 mark, meaning increased selling pressure could emerge around this area. If ENS manages to break above $10.39, a candle close above this level followed by the ability to maintain it as support could strengthen the case for further upside.

From a broader perspective, ENS is showing early signs of improving momentum after recovering from its all-time low. However, holding the key support levels and breaking through major resistance zones could be important for confirming a more sustainable bullish trend.

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