$ENS /USDT

The ENS/USDT trading pair is showing significant market activity and key price movements on the 4-hour chart. Currently, ENS is priced at 26.18, slightly below its recent high of 27.87. This recent high acts as a key resistance level. A break above this could signal strong bullish momentum, potentially driving the price higher.

The moving averages also provide valuable insights. The 7-period MA stands at 26.55, while the 25-period and 99-period MAs are at 24.48 and 22.70, respectively. The price staying above these averages suggests a continuing bullish trend, supported by increasing volumes.

Support levels to watch include 22.14 and 19.49, where the price previously found stability and bounced back. These levels are crucial as they indicate where buying interest might re-emerge if the price dips.

Volume analysis shows robust trading activity, with the latest session recording a volume of 459,154.67. This heightened volume indicates strong market interest, which could lead to increased volatility.

In summary, ENS/USDT is currently bullish, with a key resistance at 27.87 and support around 22.14. Traders should monitor these levels, alongside volume changes, to make informed decisions. Breaking the resistance could lead to further gains, while holding above support is vital to maintain the bullish outlook.