ENS Crypto Explodes 24%: Is A 20% Rally To $32 Next?

Key Insights:

• With a 24% price uptick in the past 24 hours, ENS has broken out of its horizontal resistance level at $25.
• This breakout is now paving the way for another potential 20% rally.
• ENS OI surged by 50% during the same period, indicating significant capital inflows into the asset.

On July 16, 2025, ENS crypto, the native token of Ethereum Name Service, is making waves in cryptocurrency. It has recorded an impressive performance over the past 24 hours.

ENS has surged more than 24%, breaking through a key resistance level. This now opens the path for a significant price uptick.

Why is ENS Crypto Price Rising?

The potential reason behind the ENS crypto rally includes the Coinbase Germany listing. Other significant reasons include increased whale participation, a bullish technical outlook, and the recent price uptick in Ethereum.

According to the latest report, ENS crypto was among the 16 tokens added to Coinbase Germany on July 10, 2025. This expanded access for European crypto enthusiasts.

Meanwhile, large transaction volume, typically associated with whales and institutions, has skyrocketed by 160%, according to on-chain analytics tool IntoTheBlock.

In addition, whale transactions ranging from $100K to $1 Million worth of ENS crypto have surged by 833.33%. This rise was recorded over the past 24 hours.

Not only that, but retail participation has also increased significantly. Transactions ranging from $0 to $1 and $100 to $1,000 rose by 475% and 53% during the same period.

Traders’ Strong Bullish Outlook and Current Price Momentum

With strong participation from traders and investors, ENS crypto has surged 24% over the past 24 hours. Also, it is currently holding firm at $27.28. Overall trading volume jumped by 220% during the same period, indicating significantly higher participation than the previous day.

This strong surge in trading volume and the price increase indicate the ENS crypto’s strong upside momentum. This suggests that the gains may be sustainable. During this strong upside momentum, traders have favored long positions heavily, as reported by Coinglass.

Data shows that the Binance ENSUSDT Long/Short ratio currently stands at 1.52. This indicates that the number of traders betting on long positions is 1.52 times higher than those betting on shorts.

Traders have stacked up $9.12 Million in long positions near the $25.02 price point. This is making it a key liquidation level on the downside. On the upside, $27.66 holds around $1.98 million in positions, acting as the higher risk zone.

These two levels mark the most critical zones where traders could face major liquidations. This supports and confirms a strong bullish outlook.

In addition to these bullish metrics, the asset’s Open Interest (OI) has surged by 50%. It reached a record high of $139.95 Million in 2025. On January 1, 2025, the OI of ENS crypto stood at $81.27 Million. However, it has now climbed to $139.95 Million.

ENS Crypto Price Action and Technical Outlook

According to expert technical analysis, ENS crypto has turned bullish. This happened after breaking out of the key resistance level at $25, supported by a strong upside rally.

Before this, the asset had tested this level more than five times. Also, each time it failed, it experienced a sharp decline. ENS crypto has paved the way for another potential 20% rally following this breakout.

If the current market sentiment remains unchanged and the price holds above $25, ENS could surge by 20%. Also, it could reach the $32 level soon.

However, the asset’s Relative Strength Index (RSI) stood at 78. This indicated it has entered overbought territory and may experience a potential price correction before the rally continues.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.