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 - EconoTimes)
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.ENS's job is to map human-readable names to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.
ENSUSD performed well in the past two days.
Any daily close above $27.50 confirms further bullishness.
ENSUSD gained more than 30% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $22.56 and is currently trading around $22.27.
The bullish invalidation can happen if the pair closes below $15. On the lower side, the near-term support is $15. Any break below the target is $17/$15. Any violation below $15 targets $12.50/$10.
The immediate resistance stands at around $22.50. Any breach above confirms bullish continuation. A jump to $25/$27.50 is possible. A surge past $27.50 will take it to $34.75/$46.
It is good to buy on dips around $20 with SL around $15 for TP of $27/$34.
