Ethereum Name Service Soars 32.48% Amid Coinbase Germany Listing, Eyes $29.59 Target
July 17, 2025
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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Live Bitcoin News • Jul 17, 2025
Ethereum Name Service Surges as Ecosystem Sparks Unstoppable Demand