$ENS at Decision Zone — Will Bulls Defend $15.20 Support?
Current Price: $15.24 (−0.97%)
Market Overview
Ethereum Name Service (ENS) is currently trading near a critical support region around $15.20, showing signs of consolidation after a steady decline. Sellers have controlled momentum in recent sessions, but the slowing downside pressure hints at possible stabilization. Traders are now watching for either a reversal bounce or a continuation breakdown from this range.
Key Levels to Watch
Resistance:
• $15.45 – Immediate resistance; reclaiming this level could strengthen short-term bullish sentiment.
• $15.60 – Secondary resistance; a breakout above may attract momentum buyers targeting $15.80.
Support:
• $15.20 – Key intraday support; holding this level is essential for any bullish recovery.
• $15.00 – Critical lower support; losing this could extend declines toward $14.70.
Trade Setup — Tight Range, Breakout Imminent
Bullish Entry:
A sustained move above $15.45 with rising volume could confirm bullish intent.
Targets:
• TP1: $15.60
• TP2: $15.80
Stop Loss: Below $15.10
Bearish Entry:
A clean breakdown below $15.20 may open the door for further downside pressure.
Targets:
• TP1: $15.00
• TP2: $14.70
Stop Loss: Above $15.45
Final Note
ENS/USDT is trading in a compressed support range, suggesting that a sharp move may be near. Watch for a volume spike confirmation of direction will likely come from how price reacts around $15.20–$15.45. A breakout could spark renewed volatility across the Infrastructure category tokens.
