ENS traders cautious as shorts outpace longs: Is a downside ahead?
Ethereum Name Service [ENS] has climbed over 3.5%, but is now losing its gains.
ENS’s Long/Short Ratio is at 0.8034, indicating that bears are currently ruling. The altcoin can only turn bullish if it closes the daily candle above the $30.20 level.
On the 23rd of July, the overall crypto market experienced a price correction.
Amid this, Ethereum Name Service [ENS] reached a key resistance level, where it started facing selling pressure, and at press time, appeared poised for a price decline.
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