ETHEREUM name service – ENS maps to 32 dollars and beyond star-news.press/wp

Main meals

More than 250 kilograms of ENS ENS ENS ENSED stock exchanges, which paid the price from $ 18 to $ 30. With no new flows and a liquidity building at a price of $ 32 and $ 26, traders are now moving or corrected before a potential move of $ 45.

ETHEREUM (ENS) has extended more than 10 % during the past 24 hours, and climbed at the lowest level in mid -July from $ 18 to approximately $ 30.

These prices are in line with a sharp decrease in the exchange reserves and a visual rise in external flows of exchange, indicating a strong accumulation.

But can this momentum continue, or is it pressure to make a profit about to start?

Huge withdrawal from stock exchange hints …

Cryptoquant data shows that more than 250,000 ENS code has been withdrawn from the 10 best exchanges in mid -July.

When the price was prolonged on this data, ENS rose from $ 18 to $ 30 at the time of writing this report. This withdrawal was a hint that the market participants were expecting this step.

Source: Cryptoquant

Since the external flows of exchange usually indicate a decrease in the pressure pressure, the lack of new flows means that investors are still being held – they may expect more upward trend.

The momentum carries, but the next resistance

Now, the evaluation of the effect on the price procedure, the ENS price was trading about $ 30. This corresponds to the changing market structure in ENS, as it was now making its lowest levels.

This upscale view was Chicin Flow of money (CMF) and MACD, which were all supported. CMF was at 0.1 while MACD turned green, at the time of the press, but the momentum was reducing, and perhaps because of the range is about $ 30.

Source: TradingView

Instead, the ENS price can remain about $ 30, which may cause some owners to liquidate their positions for fear of wiping the profits.

You can open the door and stay on $ 30 to move about $ 45. Restoring $ 45 can raise more climbing, which in turn may increase the price to $ 50.

However, is liquidity enough to achieve this?

It is not limited to liquidity

According to Coinglass’ 24 hours, the 24 -hour recycling map is located between two critical regions.

Liquidity that exceeds 32 – 34 dollars can serve as a short pressure operator, which leads to an upside down. Liquidity is less than $ 29, especially approximately 26 dollars, it poses risks on the negative side if a long period is wiped.

Source: Coinglass

If ENS is more than $ 30 and leads to qualifiers near $ 32, it may pay about $ 34 – 35 dollars. However, if the support is at $ 29, it may come out with the weak hand, which leads to the price withdrawal to 26 dollars before the bounce.