The Ethereum Name Service ENS coin will release some of the locked coins and enter circulation.

On 08.01.2025, 1.46M $ENS coins will enter circulation. Market value $51.96M. (%1.46 of total locked)

With this lock opening, 83.96% will be completed.

#ENSUSDT #EthereumNameService

#ENS Eyeing a Monumental Reversal? 👀


Pattern Analysis:
#ENS/USDT has formed a large inverse head-and-shoulders-like pattern, followed by a strong move into the highlighted green demand zone ($25–$35). This area serves as a key accumulation zone for buyers.

Key Resistance:
The major horizontal resistance around $80 marks the neckline of this pattern. A breakout above this level could lead to a significant bullish rally.

Support Zones:
Immediate Support: $25–$35 (green zone).
Critical Support: $9.50, which corresponds to the previous lows.

Potential Move:
A clean breakout above $80 could propel ENS toward higher levels, potentially exceeding $100 in the long term. However, failure to maintain the $25–$35 demand zone could result in a retest of lower levels.

Conclusion:
ENS/USDT is showcasing a textbook bullish reversal pattern. Watch for a confirmed breakout above $80 with increasing volume as a signal for the next leg higher. Maintain caution if the price revisits the green support zone.

NFA, DYOR!

#ENSUSDT #EthereumNameService

🌐 $ENS simplifies crypto with human-readable wallet names. Ready to join the revolution? 📜

#EthereumNameService #CryptoUtility #BinanceSquareFamily