ENS Price Recovers to $26.08 as Ethereum Name Service Shows Mixed Technical Signals
The post ENS Price Recovers to $26.08 as Ethereum Name Service Shows Mixed Technical Signals appeared on BitcoinEthereumNews.com.
James Ding Aug 04, 2025 08:56 ENS trades at $26.08 (+3.99% in 24h) after recovering from recent profit-taking selloff, with technical indicators showing conflicting signals amid post-ETF volatility. Quick Take • ENS currently trading at $26.08 (+3.99% in 24h) • Ethereum Name Service’s RSI at neutral 51.09 with bearish MACD divergence • Recovery following 8.16% correction from profit-taking after Ethereum ETF rally What’s Driving Ethereum Name Service Price Today? ENS price has rebounded 3.99% to $26.08 in the past 24 hours, recovering partially from the sharp 8.16% decline experienced on July 31. The recent volatility stems from profit-taking activity following Ethereum Name Service’s strong rally to $28.56, which was driven by optimism surrounding the Ethereum ETF launches. The correction to $25.53 on July 31 represented a classic case of “buy the rumor, sell the news” behavior, where traders who accumulated ENS during the ETF anticipation phase took profits once the actual launches occurred. Despite the pullback, today’s ENS price recovery suggests underlying demand remains intact, with the token finding support near the $25 level. Market participants are now reassessing Ethereum Name Service’s value proposition in light of increased institutional interest in Ethereum through the new ETF products. While ENS doesn’t directly benefit from ETF flows, the enhanced legitimacy of the Ethereum ecosystem has created positive spillover effects for domain name services built on the network. ENS Technical Analysis: Mixed Signals Emerge Ethereum Name Service technical analysis reveals conflicting momentum indicators that suggest caution for traders. ENS RSI currently sits at 51.09, indicating neutral territory after cooling down from potentially overbought levels during the recent rally. This positioning provides room for movement in either direction without immediate momentum constraints. However, Ethereum Name Service’s MACD presents a more concerning picture with the histogram at…
