The post ENS Price Drops 9.78% as Ethereum Name Service Tests Critical Support at $19.65 appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Sep 22, 2025 10:11

ENS price falls to $20.76 amid bearish momentum signals. Technical analysis shows ENS RSI at 34.60 with immediate support testing underway.

Quick Take • ENS currently trading at $20.76 (-9.78% in 24h) • Ethereum Name Service’s RSI at 34.60 indicates oversold conditions approaching • No significant news catalysts driving current price action What’s Driving Ethereum Name Service Price Today? The ENS price decline appears to be driven primarily by broader market weakness rather than project-specific fundamentals. With no significant news events reported in the past seven days, the current sell-off reflects technical selling pressure and general risk-off sentiment in the cryptocurrency market. Ethereum Name Service has been caught in the downdraft affecting many altcoins, with traders taking profits after recent gains and institutional flows potentially shifting toward more established cryptocurrencies. The absence of positive catalysts has left ENS vulnerable to momentum-driven selling. ENS Technical Analysis: Bearish Signals Emerge The Ethereum Name Service technical analysis reveals multiple bearish indicators converging. ENS RSI at 34.60 suggests the token is approaching oversold territory but hasn’t reached the typical 30 level that often signals a potential bounce. Ethereum Name Service’s MACD histogram shows -0.1207, confirming bearish momentum remains intact. The MACD line sits at -0.4809 below its signal line at -0.3603, indicating continued downward pressure on the ENS price. Moving averages paint a concerning picture for bulls. The ENS price trades below all major short-term moving averages, with the 7-day SMA at $23.17 and 20-day SMA at $23.22 both acting as resistance. Only the 200-day SMA at $21.17 remains below current levels, providing potential long-term support. Ethereum Name Service’s Bollinger Bands position shows the token near the lower band at $21.25, with a %B reading of -0.1233 indicating ENS is…

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Filed under: News - @ September 23, 2025 7:20 am