cryptocurrency

Ethereum Name Service (ENS) Predict 2022 Price – Will ENS Hit $80 Soon?

  • The bullish ENS price forecast is $17.98 to $77.35.
  • ENS will also be priced at $80 soon.
  • Predict the bear market price for ENS for 2022 is $7.80.

In the Ethereum Name Service (ENS) price prediction for 2022, we use statistics, price patterns, RSI, RVOL, and other information about the ENS to analyze the future movement of cryptocurrencies.

Ethereum Name Service (ENS) Current Market Status

according to Queen GekkoEthereum Name Service (ENS) price is $13.15 with a 24-hour trading volume of $107,366,800 at the time of writing. However, ENS has fallen to 0.8% in the last 24 hours.

Furthermore, the Ethereum Name Service (ENS) has a circulating supply of 25,783,233 ENS. Currently, ENS trades on cryptocurrency exchanges such as Binance, BTCEX, OKX, Bybit, and MEXC.

What is the Ethereum Name Service (ENS)?

On the Ethereum blockchain, there is a decentralized name system called the Ethereum Name Service (ENS). Users can buy names like “bob.eth” that can be read by humans and assigned to identifiers such as titles, content hashes, and metadata.

ENS is often compared to the Internet’s version of DNS, which is the Domain Name Service (DNS) that websites like google.com use to provide human-readable names while mapping against IP addresses.

Unlike the DNS, ENS domains are controlled by smart contracts and maintained by the DAO rather than a central authority like ICANN. Similar to buying a domain name online, anyone can buy and sell an ENS name.

Ethereum Name Service (ENS) Prediction 2022

The Ethereum Name Service (ENS) occupies the 122nd position on CoinGecko at the moment. The ENS 2022 price forecast is explained below with a daily time frame.

ENS/USDT Bullish Channel Pattern (Source: TradingView)

An ascending channel is defined as the price movement that exists between two upward sloping parallel lines. This price pattern is characterized by higher highs and lower lows. An uptrend channel is created by drawing a lower trend line connecting the swing lows and an upper channel line connecting the swing highs.

The price does not always fully form within the parallel lines of a rising channel, but instead shows support and resistance areas that traders can use to set stop loss orders and profit targets. A breakout above an ascending channel may indicate a continuation of the uptrend, while a break below an ascending channel may indicate a change in trend.

Currently, the cost of Ethereum Name Service (ENS) is $13.15. If the pattern continues, ENS price may reach the $17.98 resistance. If the trend reverses, ENS price may drop to $7.98.

Support and Resistance Levels for Ethereum Name Service (ENS)

The chart below shows the support and resistance levels for the Ethereum name service (ENS).

ENSUSDT Support and Resistance Level (Source: TradingView)

From the above daily timeframe, we can clearly interpret the following as the resistance and support levels for the Ethereum Name Service (ENS).

  • Resistance Level 1 – $22.02
  • Resistance Level 2 – $38.45
  • Resistance Level 3 – $77.35
  • Support Level 1 – $12.56
  • Support Level 2 – $7.80

The charts show that the ENS has led an upward trend over the past month. If this trend continues, the ENS may work in tandem with the bulls breaking the resistance level at $77.35.

Accordingly, if investors turn against the cryptocurrency, the price of ENS could drop to around $7.80, which is a bearish sign.

Ethereum Name Service (ENS) Predict Prices 2022 – RVOL, MA and RSI

The relative volume (RVOL) of the Ethereum Name Service (ENS) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous volume of traders. Currently, the RVOL of ENS is below the cutoff line, indicating weakness of participants in the current trend.

Furthermore, the moving average (MA) for the Ethereum Name Service (ENS) is shown in the above chart. Notably, the price of the ENS is above the 50 MA (short-term), so it is in a completely bullish trend. Currently, ENS is in a bullish state. There is a possibility of reversing the direction of the ENS at any time.

Meanwhile, the ENS Relative Strength Index (RSI) is at 43.57. This means that the ENS is not in an oversold or overbought state. However, this gives confidence to the traders to trade without any fear.

Ethereum Name Service (ENS) Price Prediction 2022 – ADX, RVI

Let’s now take a look at the Average Trend Index (ADX) for Ethereum Name Service (ENS). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents the ADX of the Ethereum Name Service (ENS). Currently, the ENS is in the range of 23.41, so it indicates a weak trend.

From the chart above, the Relative Volatility Index (RVI) for Ethereum Name Service (ENS). RVI measures the continuous skewness of price changes over a period of time rather than price changes. The RVI of the ENS is below 50, which indicates that the volatility trend is low. Indeed, the ENS RSI is at 43.57, which confirms a possible sell signal.

Comparison of ENS, BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and the Ethereum Name Service (ENS).

BTC Vs ETH Vs ENS Price Comparison (Source: TradingView)

From the above chart, we can interpret the movement of ETH, BTC, and ENS in a similar direction. This indicates that when the price of BTC increases or decreases, the price of ETH and ENS also increases or decreases, respectively.

Ethereum Name Service (ENS) Price Prediction 2023

If the price action completely slows down in momentum and the trend reverses, the Ethereum Name Service (ENS) Maybe up to $85 by 2023.

Ethereum Name Service (ENS) Price Prediction 2024

With several network upgrades, the Ethereum Name Service (ENS) may enter an upward trajectory. If the coin grabs the attention of major investors, ENS could rise to $88 by 2024.

Ethereum Name Service (ENS) Forecast Prices 2025

If the Ethereum Name Service (ENS) maintains major resistance levels and continues to be recognized as a better investment option among investors over the next three years, ENS will rise to $92.

Ethereum Name Service (ENS) Forecast Prices 2026

If the Ethereum Name Service (ENS) maintains major resistance levels and continues to be recognized as a better investment option among investors over the next four years, ENS will rise to $96.

Ethereum Name Service (ENS) Price Prediction 2027

If the Ethereum Name Service (ENS) maintains major resistance levels and continues to be recognized as a better investment option among investors over the next five years, ENS will rise to $100.

Ethereum Name Service (ENS) Price Prediction 2028

If the Ethereum Name Service (ENS) takes a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the value of ENS will reach $108.

Ethereum Name Service (ENS) Price Prediction 2029

If investors flock and continue to place their bets on the Ethereum Name Service (ENS), this will see significant spikes. ENS could reach $110 by 2029.

Ethereum Name Service (ENS) Price Prediction 2030

With significant advances in the Ethereum Name Service ecosystem, the crypto community may continue to invest in the Ethereum Name Service (ENS) over the next eight years and drive significant price hikes for the token. Thus, Ethereum Name Service (ENS) could reach $115 by 2030.

conclusion

With the continuous improvements in the Ethereum Name Service network, we can say that 2022 is a good year for ENS. For this reason, the bullish price forecast for Ethereum Name Service (ENS) in 2022 is $77.35. On the other hand, the bearish price forecast for the Ethereum Name Service (ENS) for 2022 is $7.80.

Moreover, with developments and improvements in the Ethereum Name Service ecosystem, the performance of the Ethereum Name Service (ENS) will rise to reach a new all-time high (ATH) at $83.40 soon. But, it could also reach $80 if investors think ENS is a good investment in 2022.

Instructions

1. What is the Ethereum Name Service (ENS)?

The Ethereum Name Service is an open, distributed, and scalable naming system based on the Ethereum blockchain.

2. Where can you buy Ethereum Name Service (ENS)?

The Ethereum Name Service (ENS) is listed on several crypto exchanges which include Binance, BTCEX, OKX, Bybit, and MEXC.

3. Will Ethereum Name Service (ENS) come to a new ATH soon?

With the continuous developments and updates within the Ethereum Name Service platform, the Ethereum Name Service (ENS) has a high potential to reach ATH soon.

4. What is the current all-time high (ATH) for Ethereum Name Service (ENS)?

On November 11, 2021, the Ethereum Name Service (ENS) reached an all-time high (ATH) of $83.40.

5. Is Ethereum Name Service (ENS) a good investment in 2022?

The Ethereum Name Service (ENS) appears to be one of the best cryptocurrencies to gain this year. According to the recorded achievements of the Ethereum name service in the past few months, ENS is a good investment in 2022.

6. Can Ethereum Name Service (ENS) reach $80?

The Ethereum Name Service (ENS) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this bullish trend continues, the Ethereum Name Service (ENS) will reach $80 soon.

7. What will be the price of the Ethereum Name Service (ENS) by 2023?

The price of the Ethereum Name Service (ENS) is expected to reach $85 by 2023.

8. What will be the price of the Ethereum Name Service (ENS) by 2024?

The price of the Ethereum Name Service (ENS) is expected to reach $88 by 2024.

9. What will be the price of the Ethereum Name Service (ENS) by 2025?

The price of the Ethereum Name Service (ENS) is expected to reach $92 by 2025.

10. What will be the price of the Ethereum Name Service (ENS) by 2026?

The price of the Ethereum Name Service (ENS) is expected to reach $96 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. Not to be construed as investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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