💥 $ENS Price Nears $34 Zone:Buyers Eye Breakout to $69  

The ENS/USDT price is approaching a key Fibonacci Buy Zone between $37.61 and $34.03, presenting an ideal opportunity for buyers. Analyst Rose Prer highlights that if the price rebounds from this area, it could target higher levels. Immediate resistance sits at $52.99, while the next key barriers are at $61.45 and $69.08. Traders planning to enter should consider placing a stop-loss below $29.50 to limit potential risks.

🔸 #ENS Price Eyes Fibonacci Buy Zone

The current chart shows ENS retracing toward the 0.618 Fibonacci level at $37.61 and the 0.786 level at $34.03. These two price zones often act as strong support areas where buyers usually step in to reverse momentum. A bounce from this range could create a bullish setup as the risk-to-reward ratio becomes more favorable.

Moreover, traders tracking these levels are waiting to see if buyers will gain control. Once prices hold above this zone, the trend could shift upward. A breakout from this area would strengthen bullish momentum and allow ENS to push toward its next resistance targets.

🔸 Key Resistance Levels to Watch

If ENS rebounds, it will face immediate resistance at $52.99. Breaking above this level is critical for signaling further upside movement. Once the price clears this point, it could gain strength to test $61.45.

The final target sits at $69.08, where traders could expect some profit-taking. These resistance levels give a clear roadmap for traders watching ENS price action closely.

🔸 Managing Risks and Entry Points

For traders planning to enter the market, managing risks remains a priority. Analyst Rose Prer recommends a stop-loss below $29.50 to protect positions from downside pressure. This strategy allows traders to balance risk and reward while maintaining clear entry and exit points.

The current price action suggests that ENS is nearing a turning point. If prices hold near $34.03, a bullish breakout could follow, pushing the price closer to the $69.08 upper target.