The rapid price increase of Ethereum Name Service (ENS) and cryptocurrencies like THE can be explained by the following specific factors:

ENS (Ethereum Name Service): ENS has seen a significant price increase thanks to breaking a prolonged 710-day downtrend, creating strong upward momentum. Furthermore, ENS's announcement of an upgrade to the new Layer-2 network, "Namechain," using zk-rollups technology, which reduces transaction fees and speeds up processing, has garnered significant attention from the community. These improvements promise to enhance user experience and expand the application of ENS, creating strong price momentum.

THE Protocol: THE has benefited from renewed interest from investors in unique token projects with decentralized and efficient trading mechanisms. Some news or updates from the development team or community may have also contributed to the significant price increase. However, more detailed information on the main causes remains unclear.

Both cases illustrate the impact of technological updates or technical events (such as breaking long-term resistance levels) on investor sentiment and behavior. These factors are often amplified in the news-sensitive and highly volatile cryptocurrency market.

To invest effectively, you need to continue monitoring updates and be cautious of potential price correction risks that may occur after strong rallies.