Ethereum Name Service Soars 32.48% Amid Coinbase Germany Listing, Eyes $29.59 Target

July 17, 2025
Ethereum Name Service Soars 32.48% Amid Coinbase Germany Listing, Eyes $29.59 Target
  • Ethereum Name Service (ENS) has experienced a significant surge in value, now trading at $27.06 with a 32.48% increase over the past week, and a market cap nearing $989 million.

  • This rally was notably fueled by a 196% increase in trading activity after ENS was listed on Coinbase Germany on July 10, 2025, exposing it to over 83 million new users.

  • The recent price breakout above $26.71 was supported by strong technical signals, including a bullish MACD histogram and an RSI of 86.15, indicating robust buying momentum.

  • Analysts project the next target for ENS at $29.59, with key support levels at $24.45, based on Fibonacci retracement analysis.

  • Despite some overbought indicators, demand for ENS remains high, suggesting that bullish momentum could persist as long as critical support levels hold.

  • The broader trend of capital reallocation into Ethereum-related assets is boosting demand for ENS and other tokens within the Ethereum ecosystem.

  • The increasing focus on Web3 usability and decentralized applications is enhancing ENS's relevance, with potential market capitalization reaching up to $2.54 billion.

Summary based on 1 source


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