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07/18 15:21

Ethereum Name Service rally faces doubt as traders

Ethereum Name Service rally faces doubt as traders short: Will bulls hold $26?
Shorts are piling in, Netflows are rising. What happens next for ENS to remain above $26?
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Key Takeaways
Ethereum Name Service just hit a 5-month high amid a strong spot market breakout. Can ENS flip $30 if shorts keep stacking up?

Ethereum Name Service [ENS] jumped 18.2% to reach a 5-month high of $26.76, breaking out from its long-standing downtrend.
Over the same period, trading volume spiked 197% to $369 million, indicating heightened on-chain and speculative activity

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