{"id":53312,"date":"2025-05-29T12:13:13","date_gmt":"2025-05-29T12:13:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-name-service-gains-momentum-100k-in-sight\/"},"modified":"2025-05-29T12:13:13","modified_gmt":"2025-05-29T12:13:13","slug":"ethereum-name-service-gains-momentum-100k-in-sight","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-name-service-gains-momentum-100k-in-sight\/","title":{"rendered":"Ethereum Name Service gains momentum\u2014$100k in sight?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-name-service-token-up-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-name-service-token-up-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-name-service-token-up-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-name-service-token-up-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz.<\/li>\n<li>Analysts see ENS as one of top Ethereum beta plays.<\/li>\n<li>If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike.<\/li>\n<\/ul>\n<p>Ethereum Name Service (ENS) price has jumped more than 35% this past month and was up 8% in 24 hours on Thursday as some altcoins stole the shine off Bitcoin.<\/p>\n<p>By reaching the current price levels, ENS is seeing its market cap hover near $903 million, while the 24-hour trading volume is up 157% to over $192 million.<\/p>\n<p>Per Coinglass, Ethereum Name Service derivatives data analysis shows volume has spiked more than 120% to over $306 million. Meanwhile, Open Interest in the token is up 30%, with open positions worth of $114 million signalling market interest.<\/p>\n<h2>What is Ethereum Name Service?<\/h2>\n<p>The Ethereum Name Service (ENS) is an open-source, decentralized naming protocol built on the Ethereum blockchain.<\/p>\n<p>It transforms user-friendly Ethereum addresses, such as jane.eth, into the complex, machine-readable codes recognized by wallets like Metamask. Additionally, ENS supports reverse mapping, allowing metadata and machine-readable addresses to be linked with these human-friendly Ethereum names.<\/p>\n<p>ENS aims to simplify interaction with the Ethereum ecosystem, making it more intuitive and accessible for users, much like the Internet\u2019s Domain Name System (DNS) enhances web usability.<\/p>\n<p>Similar to DNS, ENS employs a hierarchical structure of dot-separated domains, where domain owners have full authority over their respective subdomains.<\/p>\n<p>Analysts are <a href=\"https:\/\/twitter.com\/cilinixcrypto\/status\/1928029885668143150\" target=\"_blank\" rel=\"noopener\">pointing<\/a> to ENS as one of the top Ethereum (ETH)-beta plays today. With <a href=\"https:\/\/coinjournal.net\/news\/ethereum-surges-5-as-sharplink-eyes-425m-eth-treasury\/\">ETH expected to rally<\/a> in coming months, tokens like EigenLayer (EIGEN), Arbitrum (ARB), Lido DAO (LDO) and Ethereum Name Service (ENS) could be poised for gains too.<\/p>\n<h2>Can ENS price reclaim $100$<\/h2>\n<p>With interest in ENS rising amid adoption that includes further traction in the Ethereum and Solana name domain ecosystems, price has looked to return to last year\u2019s lofty highs.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Once <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> breaks this resistance. <\/p>\n<p>20-25% daily gains will become the norm again for Altcoins. <\/p>\n<p>SEND IT! \ud83d\ude80 <a href=\"https:\/\/t.co\/adJQsOe5Fa\">pic.twitter.com\/adJQsOe5Fa<\/a><\/p>\n<p>\u2014 CryptoGoos (@crypto_goos) <a href=\"https:\/\/twitter.com\/crypto_goos\/status\/1928008661865029745?ref_src=twsrc%5Etfw\">May 29, 2025<\/a><\/p>\n<\/blockquote>\n<p>ENS hitting those highs of $48 reached in December 2024 is likely after buyers pushed the altcoin token to two-week highs of $25, a potential technical breakout signals the price could target resistance around $30.<\/p>\n<p>Traction of Ethereum Name Service as a decentralized DNS platform, plus its growing NFT momentum offer additional tailwinds.<\/p>\n<p>On the technical charts, ENS is currently testing resistance near its 200-day moving average and breakout would signal further gains.<\/p>\n<p>RSI and an ascending triangle pattern on the daily chart suggest if buyers reclaim $30, the next uptick could drive prices to 2024 highs. The $100 mark represents a psychological level that ENS bulls will target if risk on sentiment prevails in coming months.<\/p>\n<p>However, if the market flips negative, a downtrend can bring the $20 mark into view. Robust support lies in the $12-$16 range.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ens-price-surges-could-ethereum-name-service-hit-100k-milestone\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum Name Service (ENS) surges 8% to hit a two-week high amid altcoin buzz. Analysts see ENS as one of top Ethereum beta plays. If bulls rally, a breakout to $50 could allow a potential retest of $100 amid ETH spike. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":53313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53312"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53312"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53313"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}