The post ENS Price Surges Above $28 as Ethereum Name Service Rebranding Drives Bullish Momentum appeared on BitcoinEthereumNews.com.

Iris Coleman
Aug 11, 2025 10:47

ENS trades at $28.81 with strong technical signals following recent rebranding announcement, while Ethereum Name Service shows mixed indicators amid market volatility.

Quick Take • ENS currently trading at $28.81 (-1.77% in 24h) • Ethereum Name Service RSI at 58.46 indicates neutral momentum with room for upside • Recent rebranding announcement drove 5.6% price spike to $25.44 peak • ENS price trading above all major moving averages signaling bullish trend continuation What’s Driving Ethereum Name Service Price Today? The primary catalyst behind recent ENS price action stems from the project’s rebranding initiative announced on August 8th. This strategic move triggered an immediate 5.6% surge in the ENS price, pushing the token to a peak of $25.44 within an hour of the announcement. The market’s positive reception of this rebranding reflects growing confidence in Ethereum Name Service’s long-term positioning in the decentralized identity space. However, the ENS price has since experienced some consolidation, influenced by broader market volatility following recent ETF developments. On August 4th, ENS demonstrated resilience by recovering 3.99% to $26.08 after facing an 8.16% correction, showcasing the token’s ability to bounce back from temporary setbacks. The rebranding news represents more than just cosmetic changes for Ethereum Name Service. It signals the project’s evolution and adaptation to the growing demand for decentralized naming solutions, potentially expanding its market reach and utility beyond traditional domain services. ENS Technical Analysis: Bullish Signals Emerge The Ethereum Name Service technical analysis reveals predominantly bullish indicators across multiple timeframes. ENS price currently sits at $28.81, positioning itself above all major moving averages including the 200-day SMA at $21.68, which confirms the sustained uptrend. ENS RSI reading of 58.46 places Ethereum Name Service in neutral territory with significant room for upward…

---

Filed under: News - @ August 12, 2025 3:25 am