Here's a short technical analysis and trade signal for the $ENS

/USDT pair:

Technical Analysis (ENS/USDT)

Current Price: $37.73

Price Action: The pair has recently surged by +7.99%, showing a bullish short-term momentum.

Resistance Levels:

$38.22: Immediate resistance, close to 24h high.

$40.00: Psychological resistance and a potential target if bullish momentum continues.

Support Levels:

$34.35: Key support level, close to the 24h low.

$36.60: Another support zone where buyers might re-enter.

RSI: Currently, the RSI is near a neutral to slightly overbought zone, indicating a potential short-term pullback or consolidation.

MACD: Positive, showing that momentum is still bullish.

Volume: Average volume with slight increase, which confirms the ongoing upward trend.

Trade Signal & Targets:

Trend: Bullish (short-term momentum)

Buy Signal: Consider entering around $37.50–$37.75 as price consolidates above support.

Target Levels:

1. Target 1: $38.22 (near-term resistance)

2. Target 2: $40.00 (next significant resistance level)

3. Target 3: $42.00 (extended bullish target based on the trend continuation)

Stop-Loss: Below $34.35 to manage risk in case of a downturn.

Trade Momentum:

Bulls are controlling the market in the short term.

Watch for any significant pullback that could provide a buying opportunity. If the price dips near $36.60–$37.00, it could present a solid entry.

Keep an eye on volume and market sentiment to confirm the trend continuation!

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