- Ethereum Name Service (ENS) has broken above a key resistance trendline dating back to 2022, triggering a confirmed bullish breakout.
- A 198% spike in trading volume and an 18.61% rise in market cap support growing investor interest and add credibility to the rally.
- Technical projections suggest potential upside toward $48.85 to $52.77, signaling a possible 110% move from the breakout level.
Ethereum Name Service (ENS) has broken above a key long-term descending trendline on the daily chart, a level that had held as resistance since late 2022. This breakout has resulted in a 14% price gain and appears to confirm bullish momentum in the market. Technical indicators now point toward higher price levels, with projections suggesting a possible move to $48.85 or even $52.77, depending on continuation strength.
The recent breakout aligns with growing interest in ENS, which has shown a clear pattern of rising volume and strong daily candles. These technical developments suggest that the breakout is supported by active market demand rather than low-volume price action.
ENS Breakout Aligns With Rising Momentum and Market Strength
ENS tested the descending trendline near $23.16 on July 14, 2025. Buyers stepped in, and the token quickly climbed by over 5% that day. As momentum picked up, price moved firmly above the resistance line, confirming a breakout on the daily timeframe.
The technical setup follows a common breakout pattern in cryptocurrency markets. Price consolidation under resistance, followed by a strong move higher on rising volume, typically signals a bullish reversal. Analysts have outlined potential targets of 110.25% from the breakout point, placing ENS in a possible range of $48.85 or higher.
On-Chain Metrics and Volume Support Breakout Outlook
The ENS price has gone up to 26.25, recording a 37.57 percent improvement in the past 7 days. Meanwhile, the volume in 24-hour trading has soared up to almost 198 percent to touch on $369 million. Such increased trading volumes depict increased interest by traders and investors as the token picks up.
There is also a rise in the market capitalization, which is at 18.61 percent, or an amount of $959.55 million. Its circulating supply is at 36.54 million tokens. Such a relatively low supply in comparison with the given 100 million is in favor of price stability in rallies. The rise has been in tandem with positive market information, a fact that augments the technical setup that is presently found.
Disclaimer:Â This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
