Ethereum Name Service (ENS) Price Analysis:
The ENS price has continued displaying a mixed sentiment by recording a constant pump-and-dump in its valuation. However, in the long-term perspective, it has surged 89.47% this year and has a market cap of $639.79 Million.
The Simple Moving Average (SMA) has recorded a positive curve in the 1D time frame, suggesting increased price action in the crypto space. Moreover, the MACD displays a constant decline in the red histogram, suggesting a bullish outlook for the Ethereum Name Service price this week.
Maintaining the price above the support level of $20.50 will set the stage for the ENS price to head toward its upper high of $24.60 during the upcoming weeks. Negatively, if the bullish sentiment fades, this could result in it retesting its support of $16.50. $ENS