Ethereum

bullish

Ethereum Name Service

Ethereum Classic

<p>Although the crypto markets appear to have entered the bull run phase, the bears tend to extract some profit at frequent intervals. A similar pullback occurred in the past couple of days, which offered the bulls a relaxation period and the recent rebound suggests the bulls are getting back in action. While the Ethereum price has raised above $3600, the tokens within the ecosystem, like Ethereum Name Service (ENS) &amp; Ethereum Classic (ETC), have gained remarkable gains, which suggests the ETH price may also trigger a notable run.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-ethereum-name-service-ens-price-analysis">Ethereum Name Service (ENS) Price Analysis</h2>   
<p><a href="https://coinpedia.org/price-prediction/ethereum-name-service-ens-price-prediction/" target="_blank" rel="noreferrer noopener">ENS price</a> printed a huge bullish candle during the past trading day of over 55% elevating the levels from $22.03 to as high as $34.26. Besides, the token surged magnificently in the early trading hours and smashed yearly highs at around $37.29 that attracted huge bearish attention. The platform has attracted huge buying volume, which has kept the bullish momentum alive and also revived the possibility of another 15% jump before the monthly close.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdfxbC--hh_N4RYhXIwmPHjSqr0pPGIoooTKxNQFlBUf4szAAyTeyvjI3wrKl0o9jE1x5bX5gNve3Ujt9yedVWvPfMAZjgwabnjaDoQATcEWsKYBdgGgr0IU05ZFBzuldMyB5pW?key=S3-xOEFHO0QhTVLFLN-epmcB" alt="">
</figure>   
<p>As seen in the above chart, the ENS price was trading within a rising parallel channel, and the recent rebound helped the token gain it’s levels within the range. After the 50% rise, the price is falling some pullback, which is expected to be short-lived as the bulls continue to be vigilant as they have held a strong grip over the rally. Besides, the RSI has entered the overbought zone, and if it sustains for a while, the price may get a strong boost. Therefore, the ENS price is believed to maintain an ascending consolidation and reach the resistance of the channel above $40.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-ethereum-classic-etc-price-analysis">Ethereum Classic (ETC) Price Analysis</h3>   
<p>Ethereum Classic has maintained a notable ascending trend in the short term within a rising channel. Meanwhile, the bears are successfully dragging the levels lower after rising above average levels. Therefore, sustaining above $30 may offer fresh boosts that could elevate the levels above $36. However, the token may witness a small pullback before rising above the range.&nbsp;</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfAHqGFD6Lo65whbwcNmxmhOOws1j0GDN3_PRURbWDWkK8IiQ3sUkhPlTxOvITIRHf4j2J7mfSPNtUyEtb2ZJ-SCyd-31gel9xKJjBFnEGUYtbQKwwabGnvMOLoyJCNBi0Dn29Itg?key=S3-xOEFHO0QhTVLFLN-epmcB" alt="">
</figure>   
<p>The stochastic RSI is about to undergo a bearish crossover after reaching the upper threshold, suggesting the token may undergo a price drain. Therefore, after slightly plunging to $30 or some levels below, it could trigger a notable rise in the price that could elevate the levels to $40. Besides, the volume has surged to some extent, signifying the rising volatility of the token. Therefore, the <a href="https://coinpedia.org/price-prediction/etc-ethereum-classic-price-prediction/" target="_blank" rel="noreferrer noopener">ETC price</a> is believed to maintain a healthy ascending trend until the end of the month, which may help it reach $50 in the first few days of December.&nbsp;</p>

Ethereum Name Service (ENS) & Ethereum Classic (ETC) Record Huge Gains—Which One Will Reach $50 First?

Table of Contents

CoinPedia News

Other articles published on Nov 28, 2024

Bolt becomes first e-hailing platform to obtain operating licence in Anambra

Sui Market Structure Turns Bullish, But Watch for Upcoming SUI Tokens Unlock

WazirX Has Failed To Deliver Live POR, Users Disappointed

Jeffrey Wilcke Moves 20,000 ETH to Kraken as Ethereum Surge

Discover the Next Solana: 5 Hidden Gems With the Potential for 10,000% Returns

HyperLiquid Announces Airdrop Of 310M HYPE Tokens

Join our free newsletter for daily crypto updates!