The post ENS Price Analysis: Ethereum Name Service Shows Bullish Momentum Despite Recent Pullback appeared on BitcoinEthereumNews.com.

Tony Kim
Aug 10, 2025 10:18

ENS trades at $29.25 after a 1.78% daily decline, but technical indicators signal continued strength with price holding above key moving averages and RSI in neutral territory.

Quick Take • ENS currently trading at $29.25 (-1.78% in 24h) • Ethereum Name Service price maintains position above all major moving averages despite pullback • Strong bullish trend intact with ENS RSI at 60.65 in neutral zone • No significant recent news catalysts driving current price action What’s Driving Ethereum Name Service Price Today? The ENS price movement over the past 24 hours appears to be driven primarily by technical factors rather than fundamental news, as no significant developments have emerged in the past week. The 1.78% decline represents a healthy pullback after Ethereum Name Service has shown remarkable strength, climbing from its 52-week low of $12.55 to current levels around $29.25. Market participants appear to be taking profits near the $32.21 resistance level, which coincides with today’s 24-hour high. This profit-taking behavior is typical in strong uptrends and doesn’t necessarily signal a reversal in the broader bullish momentum that has characterized Ethereum Name Service throughout 2025. The absence of negative news suggests that current selling pressure is technical rather than fundamental, providing a potentially constructive backdrop for future price appreciation once the current consolidation phase completes. ENS Technical Analysis: Bullish Signals Emerge The Ethereum Name Service technical analysis reveals a predominantly bullish setup despite the recent daily decline. ENS price currently sits well above all major moving averages, with the token trading at $29.25 compared to the 200-day SMA at $21.71, indicating strong long-term momentum. Ethereum Name Service’s RSI reading of 60.65 positions the token in neutral territory, suggesting there’s room for further upside without entering overbought…

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Filed under: News - @ August 10, 2025 11:25 am