Ethereum Name Service price prediction 2024-2030: Is ENS a good investment?

Key takeaways:

• Ethereum Name Service Price Prediction is anticipated to peak at $42.25 in 2024.
• By 2027, ENS could see significant growth, with predictions suggesting a potential maximum price of $128.46.
• Ethereum Name Service price prediction expects to potentially achieve its highest price yet, reaching $366.07, by 2030.

Ethereum Name Service is a network that allows crypto-enthusiasts to rename their crypto addresses into something more uncomplicated for them to remember easily. Renaming crypto addresses through ENS will enable users to recollect and write them quickly.

Even though Ethereum Name Service is based on the Ethereum blockchain, it uses its cryptocurrency, ENS. ENS is used for governance purposes on the blockchain network. Users can also send and receive any cryptocurrency with the system’s wallet. The price of ENS has experienced ups and downs since it launched on the market, dropping to as low as $6.7, hitting an ATH of $85.69, and currently trading below $30.

How high can ENS go? Will ENS recapture its ATH soon?

Overview

Cryptocurrency	Ethereum Name Service
Token	ENS
Price	$26.19
Market Cap	$859,082,570
Trading Volume	$171,634,014
Circulating Supply	32,835,324 ENS
All-time High	$85.69, Nov 11, 2021
All-time Low	$6.70, Oct 19, 2023
24-h High	$27.69
24-h Low	$26.11

Ethereum Name Service technical analysis

Metric	Value
Price Prediction	$86.24 (227.00%)
Volatility	7.89%
50-Day SMA	$24.54
14-Day RSI	51.34
Sentiment	Bullish
Fear & Greed Index	61 (Greed)
Green Days	14/30 (47%)
200-Day SMA	$19.40

Ethereum Name Service price analysis: ENS shows downward momentum at $26.19

TL;DR Breakdown

• Ethereum Name Service a price analysis shows a bearish trend at $26.19
• The ENS coin has decreased by 3.84% at the time of writing
• ENS prices have sought resistance at $31.40

On July 18, 2024, Ethereum Name Service (ENS) continued its downward trend, following a prolonged bearish phase. Currently trading at $26.19, ENS has decreased by 3.84% from its previous close. This decline indicates potential instability in ENS’s price dynamics in the coming days. Consequently, the overall market sentiment is negative, with bearish investors capitalizing on favorable conditions to potentially drive prices lower, supported by ENS’s strong market cap.

Ethereum Name Service price analysis 1-day price chart: ENS prices find stability at $26.19

Recently, Ethereum Name Service (ENS) has exhibited a linear trend in its daily price analysis. After a period of stability, ENS remains below its moving average and is currently trading at $26.19. The coin is encountering support just below this price point, with no definitive signs of a reversal, as the price continues to struggle to break through this support level.

The widening gap between the Bollinger Bands suggests increasing market volatility. Currently, the bands are forming a tunnel opening, indicating heightened market unpredictability. The upper limit, or resistance band, is set at $31.40, while the lower limit, or support band, is established at $21.80.

The Relative Strength Index (RSI) for ENS is currently in the neutral zone at 50, displaying a linear trend. This suggests that selling pressures are equal to buying pressures, with no immediate signs of a near-term reversal.

ENS/USD 1-hour price chart: ENS volatility increases as price finds bearish momentum at $26.19

On the hourly chart, Ethereum Name Service (ENS) has exhibited a predominantly bearish trend. Starting slightly below $26.54, the price has fallen to around $26.19. This consistent downward movement underscores strong selling pressure and bearish market sentiment. Despite occasional minor increases, the overall trend remains downward, indicating sustained bearish momentum.

The upper limit of the Bollinger Bands for the cryptocurrency is currently at $27.15, acting as its resistance level. In contrast, the lower limit is set at $25.92, serving as the support level. The widening of the bands signifies an increase in market volatility.

Currently, the RSI indicator is at 39, firmly within neutral territory. This indicates a market environment where selling pressure has been dominant, suggesting stability for the time being and a potential for price decreases. Moreover, the RSI’s downward trend reflects ongoing bearish momentum, with selling activity outweighing buying. Traders should exercise caution, as prolonged periods in the oversold region often precede pullbacks or consolidations, indicating possible downward pressure as sellers potentially regain control.

ENS technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value	Action
SMA 3	$ 25.78	BUY
SMA 5	$ 25.38	BUY
SMA 10	$ 26.48	SELL
SMA 21	$ 26.19	SELL
SMA 50	$ 24.54	BUY
SMA 100	$ 20.68	BUY
SMA 200	$ 19.40	BUY

Daily exponential moving average (EMA)

Period	Value	Action
EMA 3	$ 26.41	SELL
EMA 5	$ 26.10	BUY
EMA 10	$ 25.46	BUY
EMA 21	$ 24.52	BUY
EMA 50	$ 22.66	BUY
EMA 100	$ 20.98	BUY
EMA 200	$ 18.76	BUY

What to expect from the Ethereum Name Service price analysis

Ethereum Name Service price analysis reveals that prices have remained stable due to a recently initiated linear trend. Selling and buying activities have maintained ENS prices from $26.15 to $26.19, and given the present market, a bearish trend, It is probable to turn around very soon. Technical indications reinforce the downward trend, while price charts favor the bears.

Is ENS a good investment?

Ethereum Name Service (ENS) appears to present a promising investment opportunity, supported by strong price predictions reaching as high as $366.07 by 2030, a surge in derivatives market activity with open interest peaking at $153 million, and its innovative utility in simplifying cryptocurrency transactions through human-readable addresses on the Ethereum blockchain.

Why is ENS up?

ENS is experiencing upward movement due to several factors highlighted in the data: increasing derivatives market activity with open interest reaching new highs, positive price predictions indicating potential growth across various timelines, and sustained bullish sentiment supported by market confidence and investor interest in its long-term potential and utility.

Will ENS reach $50?

Ethereum Name Service (ENS) is anticipated to potentially reach $50 at some point in the future. The timing for this milestone could align with the projected price increases, potentially within the timeframe leading up to or around 2025.

Will ENS reach $100?

Ethereum Name Service (ENS) reaching $100 appears feasible, especially considering the upward trend projected in the Ethereum Name Service price prediction. While specific timing can vary based on market dynamics, ENS could achieve this milestone within the anticipated growth trajectory, possibly around 2027 or beyond.

Will ENS reach $500?

Reaching $500 for Ethereum Name Service (ENS) would require substantial growth and market conditions beyond current projections. While ENS shows potential for significant price increases, reaching $500 would likely depend on continued adoption, technological advancements, and broader market trends.

Does ENS have a good long-term future?

Ethereum Name Service (ENS) appears poised for a promising long-term future due to its innovative utility in simplifying cryptocurrency transactions and enhancing accessibility on the Ethereum blockchain. Anticipated price increases and positive market sentiment reflected in Ethereum Name Service price predictionfurther underscore its potential for sustained growth. Continued technological advancements and integration within the blockchain ecosystem also contribute to ENS’s favorable outlook, positioning it as a significant player in the evolving digital landscape.

Recent news/opinion on Ethereum Name Service

• Ethereum Name Service (ENS) launches a brand refresh at EthCC, aiming to enhance Web3 accessibility with a user-friendly approach while retaining its iconic logo.

Ethereum Name Service price prediction July 2024

In July 2024, Ethereum Name Service price prediction is expected to range between approximately $93.64 and $101.06, with an average price forecasted around $97.35, reflecting anticipated market movements and investor sentiment.

ENS Price Prediction	Minimum Price	Average Price	Maximum Price
ENS Price Prediction July 2024	$101.06	$97.35	$93.64

Ethereum Name Service price prediction 2024

Based on the latest Ethereum Name Service price prediction, the token is projected to see price levels in 2024 ranging from a minimum of $36.95 to an average of $38.53, with potential peaks reaching up to $42.25. These predictions indicate a positive outlook for ENS, suggesting potential growth and market confidence in the cryptocurrency throughout the year.

ENS Price Prediction	Minimum Price	Average Price	Maximum Price
ENS Price Prediction 2024	$36.95	$38.53	$42.25

Ethereum Name Service price predictions 2025 – 2030

Year	Minimum	Average	Maximum
2025	$51.92	$53.85	$64.37
2026	$74.79	$77.48	$91.50
2027	$102.07	$105.17	$128.46
2028	$149.06	$154.31	$178.45
2029	$207.95	$215.66	$260.83
2030	$295.73	$304.35	$366.07

Ethereum Name Service price prediction 2025

The Ethereum Name Service price prediction for 2025, suggests a notable inclination for the cryptocurrency, with its maximum price expected to reach $64.37. The minimum price of ENS could be around $51.92, with an average price of $53.85.

Ethereum Name Service price prediction 2026

In 2026, Ethereum Name Service price prediction is projected to experience significant growth. The maximum forecasted price stands at $91.50, with an expected average trading price of $77.48 and a minimum of $74.79.

Ethereum Name Service price prediction 2027

According to the Ethereum Name Service price prediction for 2027, the token could reach a peak of $128.46. The average price is projected to stabilize around $105.17, with a minimum expected at $102.07.

Ethereum Name Service price prediction 2028

For 2028, the Ethereum Name Service price prediction suggests a peak value of $178.45. The minimum trading price is expected to be $149.06, providing a potential support level. The average market value is projected to be around $154.31. 

Ethereum Name Service price prediction 2029

According to the Ethereum Name Service price prediction for 2029, the cryptocurrency is anticipated to potentially achieve a peak Ethereum Name Service’s price of $260.83. The projected minimum price is expected to be $207.95, with an average trading price around $215.66.

Ethereum Name Service price prediction 2030

According to the Ethereum Name Service price prediction for 2030, we foresee the cryptocurrency potentially reaching a maximum price of $366.07. The projected minimum price is expected to be $295.73, with an average value around $304.35.

Ethereum Name Service price prediction: Analysts’ ENS price forecast

Firm Name	2024	2025
Changelly	$50.05	$64.36
AMB Crypto	$19.63	$16.01
Swapspace	$23.22	$53.68

Cryptopolitan’s Ethereum Name Service price prediction

Cryptopolitan’s Ethereum Name Service (ENS) price predictions span across several key years, reflecting optimistic forecasts for the cryptocurrency. ENS is projected to see significant growth in 2024, ranging from a minimum of $36.95 to a potential peak of $42.25.

Moving into 2025, ENS could reach a maximum price of $64.37. Subsequent years show a steady upward trend, potentially reaching as high as $366.07 by 2030.

Ethereum Name Service historic price sentiment

• In January to March 2022, ENS started at $10.75 and peaked at $15.21 in March, driven by 18.53 million trading volume.
• From April to June 2022, the price dropped from $15.21 to $9.28, with a 16.83% decline in May and 6.10 million trading volume.
• Between July and September 2022, there was a slight recovery from $9.28 to $8.01, with stable trading volume at 4.62 million.
• From October to December 2022, ENS saw an uptick from $7.75 to $10.75, with trading volume increasing to 31.06 million.
• In January to March 2023, the price surged from $15.90 to $22.41, with 111.62 million trading volume.
• During April to June 2023, the price fluctuated from $12.00 to $9.28, with stable trading volume around 8.41 million.
• From July to September 2023, there was a slight recovery from $9.55 to $8.01, with trading volume at 6.81 million.
• Between October and December 2023, the price increased from $8.01 to $9.67, with trading volume rising to 28.93 million.
• In January to March 2024, ENS surged from $17.84 to $30.69, with trading volume peaking at 42.18 million.
• In April 2024, the price dropped from $22.35 to $14.60, a 34.85% decrease.
• During May 2024, there was a significant recovery from $14.59 to $25.85, with trading volume increasing to 37.99 million. ENS traded within the range of $19 to $25 in June.
• In July 2024, ENS is trading around the $26 mark.