Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz.
\nAnalysts see ENS as one of top Ethereum beta plays.
\nIf bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike.<\/p>\n
Ethereum Name Service (ENS) price has jumped more than 35% this past month and was up 8% in 24 hours on Thursday as some altcoins stole the shine off Bitcoin.<\/p>\n
By reaching the current price levels, ENS is seeing its market cap hover near $903 million, while the 24-hour trading volume is up 157% to over $192 million.<\/p>\n
Per Coinglass, Ethereum Name Service derivatives data analysis shows volume has spiked more than 120% to over $306 million. Meanwhile, Open Interest in the token is up 30%, with open positions worth of $114 million signalling market interest.<\/p>\n
The Ethereum Name Service (ENS) is an open-source, decentralized naming protocol built on the Ethereum blockchain.<\/p>\n
It transforms user-friendly Ethereum addresses, such as jane.eth, into the complex, machine-readable codes recognized by wallets like Metamask. Additionally, ENS supports reverse mapping, allowing metadata and machine-readable addresses to be linked with these human-friendly Ethereum names.<\/p>\n
ENS aims to simplify interaction with the Ethereum ecosystem, making it more intuitive and accessible for users, much like the Internet\u2019s Domain Name System (DNS) enhances web usability.<\/p>\n
Similar to DNS, ENS employs a hierarchical structure of dot-separated domains, where domain owners have full authority over their respective subdomains.<\/p>\n
Analysts are pointing<\/a> to ENS as one of the top Ethereum (ETH)-beta plays today. With ETH expected to rally<\/a> in coming months, tokens like EigenLayer (EIGEN), Arbitrum (ARB), Lido DAO (LDO) and Ethereum Name Service (ENS) could be poised for gains too.<\/p>\n With interest in ENS rising amid adoption that includes further traction in the Ethereum and Solana name domain ecosystems, price has looked to return to last year\u2019s lofty highs.<\/p>\n Once $ETH<\/a> breaks this resistance. <\/p>\n 20-25% daily gains will become the norm again for Altcoins. <\/p>\n SEND IT! \ud83d\ude80 pic.twitter.com\/adJQsOe5Fa<\/a><\/p>\n \u2014 CryptoGoos (@crypto_goos) May 29, 2025<\/a><\/p>\n\n ENS hitting those highs of $48 reached in December 2024 is likely after buyers pushed the altcoin token to two-week highs of $25, a potential technical breakout signals the price could target resistance around $30.<\/p>\n Traction of Ethereum Name Service as a decentralized DNS platform, plus its growing NFT momentum offer additional tailwinds.<\/p>\n On the technical charts, ENS is currently testing resistance near its 200-day moving average and breakout would signal further gains.<\/p>\n RSI and an ascending triangle pattern on the daily chart suggest if buyers reclaim $30, the next uptick could drive prices to 2024 highs. The $100 mark represents a psychological level that ENS bulls will target if risk on sentiment prevails in coming months.<\/p>\n However, if the market flips negative, a downtrend can bring the $20 mark into view. Robust support lies in the $12-$16 range.<\/p>\n The post ENS price surges: Could Ethereum Name Service hit $100k milestone?<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz. Analysts see ENS as one of top Ethereum beta plays. If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike. Ethereum Name Service (ENS) price has jumped more than 35% this past month and […]<\/p>\n","protected":false},"author":0,"featured_media":3620,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-3619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3619"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3620"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Can ENS price reclaim $100$<\/h2>\n