đ ENS just moved +9% on nearly 10x normal volume. Web3 identity is having a moment.
From $4.9 to $6.6, now holding $5.63. Ethereum Name Service domains are the ".com" of Web3, and the market is remembering that.
đ Technical Read:
âą RSI(4H): 71.5 â bullish momentum
âą Volume ratio: 9.95x â biggest volume spike in weeks
âą Daily trend: strong uptrend confirmed
âą Price above all major MAs
đŻ The ENS Thesis:
Every crypto user needs a human-readable address. ENS is the dominant naming protocol on Ethereum with real revenue from domain registrations. As Web3 adoption grows, ENS domains become digital real estate. The token benefits from protocol revenue and governance value.
đ Trade Plan:
Entry: $5.5-$5.9 (pullback zone)
Stop Loss: $4.8 (below breakout)
TP1: $6.6 (retest high)
TP2: $7.5 (measured move)
Web3 domains: the next big narrative or just a niche? đ
#ENS #Web3 #DYOR
âïž Disclaimer: Not financial advice. DYOR before making any trades.
From $4.9 to $6.6, now holding $5.63. Ethereum Name Service domains are the ".com" of Web3, and the market is remembering that.
đ Technical Read:
âą RSI(4H): 71.5 â bullish momentum
âą Volume ratio: 9.95x â biggest volume spike in weeks
âą Daily trend: strong uptrend confirmed
âą Price above all major MAs
đŻ The ENS Thesis:
Every crypto user needs a human-readable address. ENS is the dominant naming protocol on Ethereum with real revenue from domain registrations. As Web3 adoption grows, ENS domains become digital real estate. The token benefits from protocol revenue and governance value.
đ Trade Plan:
Entry: $5.5-$5.9 (pullback zone)
Stop Loss: $4.8 (below breakout)
TP1: $6.6 (retest high)
TP2: $7.5 (measured move)
Web3 domains: the next big narrative or just a niche? đ
#ENS #Web3 #DYOR
âïž Disclaimer: Not financial advice. DYOR before making any trades.