The Ethereum Name Service (ENS) has surged past a critical long-term resistance level, reigniting investor interest and fueling bullish momentum. After trading below the $25–$27.50 range for over 1,000 days, ENS has broken out dramatically, reaching prices not seen since early 2022. This milestone move suggests a potential new phase in ENS’s price cycle—one that could push the token toward $60 or even higher.
ENS Breaks Key Resistance After Prolonged Consolidation
For more than three years, the $25–$27.50 zone acted as a formidable ceiling for ENS price growth. Despite multiple attempts to break higher, the token consistently failed to sustain momentum above this level—until now.
In November, ENS began building upward pressure, culminating in a decisive breakout this week. The price pierced through the $27.50 resistance and surged to a high of **$37.29** on November 28, marking its strongest performance since January 2022.
👉 Discover how breakout patterns can signal major price moves in crypto—learn what’s next for ENS.
While ENS has not yet closed a weekly candle above $27.50, market indicators suggest it’s only a matter of time. A confirmed close above this level would validate the breakout and open the door to stronger bullish momentum.
Technical Indicators Confirm Bullish Momentum
On the weekly chart, several technical indicators support the ongoing rally:
- The Relative Strength Index (RSI) has broken out of a bearish divergence pattern and is now trending upward, signaling strengthening buying pressure.
- The MACD (Moving Average Convergence Divergence) generated a bullish crossover and remains above zero, reinforcing positive momentum.
Together, these signals suggest that ENS is transitioning from a long consolidation phase into a sustained uptrend. If current dynamics hold, the next major resistance lies at $44.50**, followed by **$60—a level that could mark the peak of the third wave in an Elliott Wave structure.
Analysts Turn Bullish on ENS Outlook
Market sentiment around ENS has shifted sharply positive following the breakout. Analysts on platforms like X (formerly Twitter) are increasingly optimistic about the token’s potential.
- Oliver Isaacs predicts accelerated growth post-breakout, projecting a price target of $80.
- CryptoPoseidonn takes an even more aggressive stance, forecasting a rise to $88, arguing that the rally is still in its early stages after a 1,000-day accumulation period.
- BearishBull highlighted a breakout from a descending trend line, suggesting ENS is poised for a new all-time high.
These voices reflect growing confidence that ENS is no longer just a utility token for decentralized domain names—it’s emerging as a speculative asset with strong network effects and adoption tailwinds.
ENS Adoption Gains Momentum
Beyond price action, real-world adoption continues to strengthen the ENS ecosystem.
- The inaugural frENSday event was a success, featuring 32 speakers and 10 main-stage talks—showcasing the growing community around decentralized identity.
- Upcoming appearances at Taipei Blockchain Week by ENS Labs team members indicate continued outreach and development.
- The ENS DAO newsletter #74 is set for release, highlighting governance updates and technical progress.
One particularly notable development is the formation of Nani Kotoba DAO LLC, an algorithmically managed entity registered under Wyoming’s DAO laws. This organization uses Nanidao.eth as its official identifier—demonstrating how ENS is being used in real legal and operational contexts beyond simple wallet addresses.
This integration into formal business structures underscores ENS’s evolving role: it's becoming foundational infrastructure for decentralized identity and governance.
👉 See how decentralized identity is reshaping Web3—and where ENS fits in.
Elliott Wave Analysis: Path to $60 and Beyond
A deeper look at ENS’s price structure using Elliott Wave Theory reveals a potentially powerful bullish scenario.
According to wave analysis, ENS appears to be in Wave 3 of a five-wave bullish impulse that began in May. Wave 3 is typically the strongest and longest leg of an uptrend.
- The first upside target is **$60**, which represents a **1.618 Fibonacci extension** of Wave 1. Reaching this level would also place ENS above the $45 resistance zone, turning it into future support during Wave 4 consolidation.
- A preliminary target for Wave 5 stands at $80, derived from a 2.618 extension of Wave 1. As the pattern evolves, more precise targets may emerge.
This structural outlook aligns with both price action and momentum indicators, reinforcing the idea that ENS is in the early stages of a significant rally.
Frequently Asked Questions (FAQ)
What caused ENS to break out now?
ENS broke out after sustained accumulation over 1,000 days and multiple bounces off an ascending support trend line since October 2023. Combined with increasing adoption and positive market sentiment, these factors created the conditions for a breakout.
Is ENS likely to reach $60?
Yes—technical analysis suggests $60 is a realistic near-term target. The $60 level aligns with key Fibonacci extensions and represents the expected peak of Wave 3 in the current Elliott Wave count.
What are the main risks to ENS’s price?
Like all cryptocurrencies, ENS is subject to market volatility, macroeconomic conditions, and shifts in investor sentiment. Regulatory developments around DAOs and digital identity could also impact adoption.
How does ENS differ from other crypto naming services?
ENS is built on Ethereum and integrates deeply with Web3 applications. Unlike traditional DNS systems, ENS domains are decentralized, censorship-resistant, and can store multiple records (e.g., wallet addresses, IPFS content hashes).
Can ENS be used for more than just wallet addresses?
Absolutely. Beyond simplifying crypto transactions, ENS domains are increasingly used for decentralized websites (via IPFS), identity verification, DAO governance participation, and even legal entity registration—as seen with Nani Kotoba DAO LLC.
What should investors watch next?
Key levels to monitor include:
- A weekly close above $27.50 (confirmation of breakout)
- Resistance at $44.50
- Breakout toward $60
Additionally, follow upcoming ecosystem developments such as new partnerships or integrations with major platforms.
👉 Stay ahead of breakout signals and track real-time data on leading crypto assets.
Final Outlook: A New Chapter for ENS
The Ethereum Name Service has cleared one of its most persistent technical hurdles. With momentum building across price charts, technical indicators, and real-world adoption, ENS appears to be entering a new growth phase.
From its roots as a simple domain resolver, ENS has evolved into a cornerstone of decentralized identity in Web3. Its recent price surge reflects not just speculative interest but growing recognition of its foundational role in the blockchain ecosystem.
With key targets at $60** and potentially **$80, and strong support from both technical and fundamental drivers, ENS is positioned for continued attention in 2025 and beyond.
Core Keywords: Ethereum Name Service (ENS), ENS price prediction, decentralized identity, Web3 domains, blockchain naming service, ENS token, crypto breakout, DAO integration