Ethereum Name Service price has surpassed the weekly resistance level of $26.38 and is trading 3.2% higher on Monday, reaching $31.76. On-chain data shows that ENS’s daily active addresses increased, signaling greater blockchain usage. A weekly candlestick close below $26.38 would invalidate the bullish thesis. Ethereum Name Service price has exceeded the weekly resistance level of $26.38, rising 3.2% on Monday to reach $31.76.
The bullish thesis is supported by indicators like the Relative Strength Index and Awesome Oscillator on the weekly chart, comfortably above their respective mean levels of 50 and 0. These momentum indicators strongly indicate bullish dominance. ENS/USDT weekly chart Santiment’s Daily Active Addresses index, which helps track network activity over time, aligns with the bullish outlook noted from a technical perspective.
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