$ENS just tried to bounce, but the rejection at the EMA99 was clear.

After hitting a low of $27.97, price climbed back toward $29.5 but couldn’t break the cluster of EMA resistance above. Now sitting at $29.15, down -5.14% on the day.

What’s happening technically:

EMA7 and EMA25 were briefly reclaimed, but now breaking back below

EMA99 ($29.61) acted as strong resistance

RSI(6) sitting neutral at 50 , no major momentum in either direction

RSI(12/24) still slightly bearish

Volume weakening after the bounce , bulls hesitating here

To flip bullish again, $ENS needs to flip $29.60 with strong follow-through. Otherwise, the $28.60–$28.00 zone might get revisited.

Right now, this looks more like a short-term relief bounce not a confirmed reversal. Let the chart show strength before chasing.