ENS Technical Analysis Feb 1
The post ENS Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.
ENS is maintaining its LH/LL structure within a strong downtrend and approaching critical supports at $6.82. For structure break, BOS above $7.58 is required, otherwise bearish continuation pressure will increase. Market Structure Overview ENS’s current market structure indicates a clear downtrend. The price has been maintaining the lower highs (LH) and lower lows (LL) pattern recently, reinforcing its bearish character. The current price is at $6.82, and although the 24-hour change is -0.15% showing limited consolidation, the overall structure is weak. It is not above EMA20 ($8.85), which confirms the short-term bearish bias. Supertrend signal is bearish and resistance is positioned at $8.79. Although RSI is at 23.01 in the oversold region, MACD shows a negative histogram with momentum in the downside direction. In the multi-timeframe (MTF) structure, there are 11 strong levels across 1D/3D/1W timeframes: 1 support/3 resistances in 1D, 2 resistances in 3D, balanced in 1W but bearish bias dominant. This structure increases the expectation for a lower low for trend continuation, while a strong higher high is required for reversal. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, a higher highs (HH) and higher lows (HL) structure is required; this has not yet formed in ENS. The recent swing low at $6.3967 (score 83/100) is a strong support, but holding there and breaking above the $7.0967 resistance (score 62/100) could initiate HL formation. However, although RSI is oversold, there is no volume support. Bullish continuation target at $11.1838 (score 30) is distant and BTC correlation is negative. For now, bullish signals are weak; BOS above $7.58 could open HH potential. Downtrend Risk The downtrend is confirmed with LH/LL: Staying below the recent swing high at $7.5805 (score 63/100) has formed a new LH. Previous highs at $7.0967 and $12.7839 (score 60/100) were not surpassed, and…
Filed under: News - @ February 1, 2026 10:25 pm