Ethereum name service price prediction for today, December 30th

According to the daily chart, the Ethereum Name Service price prediction hit a new daily high of $10.23 after hitting a daily low of $9.78.

Ethereum Name Service Prediction Statistics Data:

• Current Ethereum Name Service Price – $10.14
• Ethereum Name Service Market Cap – $302.3 million
• Ethereum Name Service Circulation Volume – 30.3 million
• Ethereum Name Service Total Supply – 100 million
• Ethereum Name Service CoinMarketCap Ranking – 163rd

ENS/USD Market

Main level:

Resistance levels: $11.5, $12.0, $12.5

Support levels: $8.5, $8.0, $7.5

ENS/USD is trading at $10.14 after confirming its daily uptrend and rising towards the upper boundary of the channel. However, Ethereum Name Service is winning above the 9-day and 21-day moving averages. Therefore, ENS hit a new daily high above the resistance level of $10.23. As of this writing, ENS has validated the $9.78 level as support before resuming its upward movement.

Ethereum Name Service Price Prediction: ENS Is Ready to Heat Up

As you can see from the daily chart, the 9-day moving average is clearly higher than the 21-day moving average. Ethereum Name Service price is likewise trading at the $19.87 resistance level, which means buyers have an upper hand in the market. However, all technical indicators are pointing to a buy signal.

On the other hand, if buyers push the price above the upper boundary of the channel and the daily candle closes above this boundary, the market price may bounce towards the resistance levels of $11.5, $12.0, $12.5 and support may be located at $8.5. $8.0 and $7.5 respectively.

ENS/BTC ready for upward move

Against Bitcoin, if the Ethereum Name Service price continues to show strength above its 9-day and 21-day moving averages, the price may cross the channel upper limit and reach resistance levels above 2800 SAT.

Conversely, a slide below the moving average could lead the coin to support levels below 2000 SAT. Meanwhile, the 9-day moving average rose above the 21-day moving average, confirming the bullish movement in the market.

Ethereum Name Service Alternatives

Bullish momentum is building for Ethereum Name Service (ENS), which could potentially push the market cap towards the resistance level of $10.5. Conversely, if the current support level of $9.5 weakens, ENS could fall below this threshold. Nonetheless, ENS is showing a bullish trend within the trading channel. As bullish forces exert greater influence on the market, traders can expect a continued upward trajectory for the ENS price.

However, although Ethereum Name Service (ENS) boasts a market capitalization of $302.3 million, it may struggle to achieve significant price growth. On the other hand, Bitcoin Minetrix stands out with its unique stake-mining mechanism, currently securing an astonishing $6.8 million in revenue during the pre-sale phase. Therefore, investors seeking profitable prospects may find BTCMTX attractive due to its innovative nature and the enthusiastic response it has received during the pre-sale phase.

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