ENS is the governance token of the decentralized Ethereum Name Service, a protocol that maps human-readable names like “alice.eth” to crypto addresses and other blockchain data — a fundamental Web3 identity layer.
The ENS token currently trades around ~$5.6–$6.9 USD, well below its all-time highs of over $80, reflecting a prolonged retracement from the 2021/2022 bull cycles.
Recent price movements show mixed sentiment with both relief rallies and broader crypto market correlations impacting short-term direction.
A major strategic development saw ENS cancel its standalone Layer-2 Namechain rollout and pivot its ENSv2 upgrade directly to Ethereum’s mainnet, simplifying its scaling path — a move supported by lower gas fees and industry figures.
Adoption metrics such as DAO governance engagement and domain registrations remain key signals for long-term fundamentals, but trading volume and macro sentiment still drive much of the price action.
Analysts describe the outlook as neutral to cautiously optimistic, with key resistance levels needing to hold to confirm stronger bullish intent.
$ENS #ENScoin #ens