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Ethereum Name Service Launches Namechain on Linea’s zkEVMThe Ethereum Name Service ( NYSE:ENS ), a pioneer in decentralized identity and blockchain-based naming systems, is taking a bold step forward with the launch of Namechain, its own Layer 2 (L2) solution. Powered by Linea’s zkEVM technology, Namechain is poised to revolutionize blockchain address management, offering enhanced scalability, reduced costs, and expanded functionality for the Web3 ecosystem. Why Namechain and Why Now? NYSE:ENS has long been at the forefront of simplifying blockchain interactions. By converting complex Ethereum addresses into human-readable names like "john.eth," ENS has made the decentralized web more accessible. However, as the protocol has grown to support decentralized identity, user profiles, website hosting, and DNS interoperability, the need for a more scalable infrastructure has become evident. Enter Namechain – a strategic response to these challenges. Built on Linea’s zkEVM, Namechain combines cutting-edge technology with ENS’s robust naming protocol to deliver unparalleled performance. Technical Foundations: Why Linea? The decision to build Namechain on Linea’s zkEVM followed a rigorous evaluation by ENS Labs. Two standout features of Linea made it the ideal choice: 1. Type 2 zkEVM Compatibility: Linea’s zkEVM ensures seamless bytecode compatibility with Ethereum, enabling the reuse of existing smart contracts and tooling without modifications. 2. High-Performance Prover: Linea’s rollup architecture offers fast state confirmation, ensuring reliable and efficient name resolution. Moreover, Linea’s multi-client compatibility with Ethereum execution clients like Geth and Besu enhances ecosystem resilience, ensuring robust infrastructure for ENS’s evolving needs. Proven Collaboration and Ecosystem Benefits ENS and Linea share a strong history of collaboration. Notably, Linea was the first L2 team to implement CCIP-Read (ERC-3668), enabling decentralized cross-chain name resolution for over 530,000 linea.eth subnames. This partnership validated ENS’s L2 integration capabilities and demonstrated Linea’s technical prowess. The move to L2 addresses several key challenges: - Higher Throughput: Increased transaction capacity enables faster registration and renewals. - Cost Efficiency: Significantly lower fees make ENS services accessible to a broader audience. - Extensibility: Advanced naming features and complex resolution logic become feasible on L2. Namechain’s Impact on Decentralized Identity ENS’s role extends beyond address resolution; it underpins decentralized identity across Web3. Namechain amplifies this mission by offering a scalable solution that supports: - Permissionless User Profiles: Enabling decentralized identity systems to flourish. - Decentralized Hosting: Facilitating censorship-resistant websites. - DNS Interoperability: Bridging traditional and blockchain-based naming systems. Market and Technical Outlook for NYSE:ENS Despite the groundbreaking announcement, NYSE:ENS is currently trading at $42.17, down 2.17% in the last 24 hours, with a market cap of $1.48 billion. Technical indicators suggest a potential bullish reversal: - RSI at 48: Indicates steady momentum. - Key Resistance Level: A breakout above the 1-month high of $50 could confirm a bullish reversal pattern. Fundamentally, the launch of Namechain positions ENS as a critical player in the evolution of decentralized identity, aligning with the growing demand for scalable and efficient blockchain solutions. A Vision for the Future The partnership between ENS and Linea represents a significant leap forward in blockchain technology and decentralized identity. By combining ENS’s innovative naming protocol with Linea’s advanced zkEVM architecture, Namechain promises to set new standards in scalability, cost-efficiency, and functionality. ENS Labs invites the broader technical community to participate in this journey through open-source contributions and feedback. Together, they aim to shape the future of decentralized identity and blockchain-based naming systems, paving the way for a more intuitive and accessible internet. About Ethereum Name Service (ENS) ENS is a distributed, open naming system built on Ethereum. It simplifies blockchain interactions by converting machine-readable addresses into human-readable names. With its decentralized and extensible framework, ENS is a cornerstone of the Web3 ecosystem, driving adoption and innovation in blockchain technology.
Long
by DEXWireNews
TradeCityPro | ENS : Navigating Critical Levels👋 Welcome to TradeCityPro! In this analysis, I’ll evaluate ENS across the daily and 4-hour timeframes. This Web3 project offers an innovative service allowing users to purchase wallet domains, making it a standout in its sector. 📅 Daily Timeframe: Pullback to the Critical Zone On the daily timeframe, ENS has been trading within a broad range since early 2024, oscillating between $12.44 and $32. Despite the large range and significant price volatility, the market hasn’t established a clear trend, repeatedly moving from the bottom to the top of this box. 📈 Recently, alongside Bitcoin’s ATH breakout, ENS broke through the $20.92 resistance, which marked the Medium Wave Cycle resistance. This breakout introduced strong bullish momentum, leading to the price surpassing the $32 resistance as well. After breaking this level, the price retraced to $32 for a pullback and is now preparing for another upward movement. ✨ The next significant resistance for ENS is $47.96, a level previously tested once before. Currently, the price is approaching this zone for a second test. Despite the negative divergence observed in the RSI and trading volume, this is typical in high-momentum uptrends. A successful breakout of $47.96 could propel the price toward the ATH at $77.99. 🔽 In case of a pullback, the $32 zone remains critical support, already tested once. For deeper corrections, the $20.92 level is the next important zone, and losing this level would entirely erode the bullish momentum, pushing the price toward $15.83 and potentially $12.44. ✅ The range between $12.44 and $15.83 represents a key demand zone, which could act as a significant barrier against further declines. For deeper corrections, the first RSI trigger would be a breakdown below 54.66. ⏳ 4-Hour Timeframe: Futures Triggers In the 4-hour timeframe, I’ll focus specifically on futures triggers, as the main scenarios were detailed in the daily timeframe. 🔼 A breakout above $48.59 provides a suitable long entry. Defining precise targets in advance is challenging, as potential targets come from historical price levels. It’s better to wait for the price to establish a new structure and use that to identify subsequent resistance levels. 📉 A breakdown below $40.96 is a highly risky short entry, with low confidence in hitting the target. However, if a deep correction begins, this trigger could yield significant profits.Additional support levels include $32.86, $25.65, and $21.36. Breaking each of these could activate further short triggers, but for now, all short setups carry significant risk, as the market hasn’t confirmed a trend reversal. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
15
ENS/USDT Chart Analysis $ENS/USDT Chart Analysis 🚀 The #ENS/USDT chart shows a potential retracement into the Fibonacci Buy Zone between $37.61 (0.618) and $34.03 (0.786), presenting an ideal buy opportunity for accumulation. Resistance levels are clearly identified at $52.99, $61.45, and the upper target at $69.08. If the price holds and rebounds from the Fibo zone, the risk-to-reward ratio becomes highly favorable, while a stop-loss should be placed below $29.50 to minimize downside risk. Overall, the chart signals a bullish breakout scenario after retracement. 🚀
Long
by VIPROSE
ENSUSDT Analysis And Next Market Move Name: Ethereum Name Service (ENS) Symbol: ENS Type: Utility token Timeframe: 8H Analysis: Technical+Fundamentals Trend : Bullish Purpose and Use Case:- Decentralized Domain Name System: ENS is a decentralized domain name system built on the Ethereum blockchain. Domain Name Registration: ENS allows users to register human-readable domain names for their cryptocurrency wallets, making it easier to send and receive funds. Details:- ENS is sitting at a strong support level. Ready for breakout. After this breakout Expecting 30% + gain. ENS is really a strong project.
Long
by Alpha-GoldFX
Ethereum Name Service ($ENS) Partners with Ubisoft Coin Surge 10The Ethereum Name Service ( NYSE:ENS ) has captured attention once again, surging 10% following a groundbreaking partnership with Ubisoft. This collaboration aims to integrate ENS subdomains into Ubisoft’s identity card system for the Captain Laserhawk universe, merging Web3 innovation with immersive gaming experiences. About Ethereum Name Service (ENS) ENS is a decentralized naming system on the Ethereum blockchain, translating complex wallet addresses into simple, human-readable names like *john.eth*. It revolutionizes the way users interact with blockchain technology, making it as seamless as accessing websites via traditional domain names. Beyond usability, ENS enables ownership of digital identities and supports Soulbound Tokens (SBT) and Real-World Asset (RWA) tokenization, solidifying its role in the decentralized identity space. Since its launch, ENS has built a robust reputation, supported by its November 2021 retroactive airdrop, and now ranks among the top Ethereum-based projects. The Ubisoft Partnership Ubisoft, a global leader in gaming, recently unveiled a project inspired by its popular **Captain Laserhawk animated series**, collaborating with Magic Eden to expand blockchain gaming horizons. Through this partnership, ENS subdomains will power the identity system in the Captain Laserhawk universe, merging the blockchain ecosystem with the gaming world. This move highlights the growing convergence of blockchain and gaming, as well as ENS's critical role in facilitating seamless integration. Market Reaction The announcement fueled NYSE:ENS ’s rally, pushing its price to $44.29 with an 8.11% daily gain. Over the past four days, NYSE:ENS has surged by 45%, recovering from its recent low of $30.33. With trading volumes exceeding $813M in the last 24 hours, the momentum shows no signs of slowing down. Technical Outlook On the charts, NYSE:ENS is exhibiting signs of bullish continuation: - Support Level: In case of a pullback, the 38.2% Fibonacci retracement level near $40 could act as a strong support zone. - Resistance Level: Persistent bullish pressure could push NYSE:ENS to test the $50 resistance level, marking a significant psychological and technical milestone. - Relative Strength Index (RSI): The RSI indicates room for further growth, reinforcing the possibility of a sustained uptrend. Why This Matters This partnership underscores ENS’s growing relevance in bridging Web3 with mainstream industries like gaming. The ability to seamlessly integrate ENS subdomains into complex ecosystems like Ubisoft’s highlights its adaptability and potential for widespread adoption. As the gaming industry embraces blockchain solutions, NYSE:ENS is positioned as a vital component of this evolution, offering decentralized identity management that is both scalable and user-friendly. Looking Ahead With a $1.55B market cap and an ever-expanding ecosystem, ENS continues to lead in decentralized naming services. Its partnership with Ubisoft not only boosts its fundamental value but also opens doors to new applications in gaming and beyond. Should bullish momentum persist, NYSE:ENS could break past $50, further solidifying its position as a key player in the blockchain and gaming spaces. Investors and enthusiasts alike will be watching closely as ENS continues to push the boundaries of decentralized identity and integration.
Long
by DEXWireNews
ENS / USDT#ENS / USDT The $ENS/USDT pair is currently trading at $35.54. The price is moving within a downward channel after a strong bullish rally, approaching critical support levels. The first support is at $37.50, which could see a rebound if the price holds above this level. Meanwhile, $26.75 represents a key support level based on Fibonacci retracement, making it a crucial area for determining the next move. If this level is breached, the price may drop further to $18.44, the final major support, and breaking it would signal a continued bearish trend.
Long
by Crypto_DUMP
Ethereum Name Service ENS price needs to take a break from growtThe price of CRYPTOCAP:ETH has finally started to rise 👇 follow they're accelerating growth of the #ENS price (which has the word #Ethereum in its name) #ENS is an Ethereum Name Service control token used to control the protocol and influence the pricing decisions of its .eth address and price oracle. In our opinion, now it is not so much important for #ENSUSDT buyers to continue their rapid growth as it is to finally hold the price above $23.60 , which they have not been able to do by all 2024. Only then will it be possible to continue the steady wave of growth to $80+. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
1
Will #ENSUSDT Explode or Collapse Soon? Key Levels to WatchYello, Paradisers! Are you prepared for what could be a massive move on #ENSUSDT? Let's discuss the latest analysis of #EthereumNameService: 💎Currently, #ENS is gaining momentum at the ascending support line, hinting at a bullish push. If the momentum holds, we might see a strong breakout above the triangle, setting the stage for a significant rally. But here's the kicker: we’re not quite there yet. 💎To confirm a genuine bullish move, we need a clear break above the triangle and the internal supply zone at $22.99. This breakout must be accompanied by solid buying pressure—think strong engulfing candles and consistent momentum. Without these signs, jumping in early could be costly. Patience is the name of the game here. 💎But what if the bullish momentum fades? If #EthereumNameService struggles to breach the triangle and the $22.99 level, it might signal waning buyer strength, inviting sellers to take control. The critical area to watch is the lower demand zone at $13.22. 💎This historically strong support level could be our last line of defense for bulls. If the price bounces from $13.22, the bullish outlook could stay intact. But—brace yourself—a break below $13.22 would invalidate the bullish setup and could trigger a sharp decline. Stay patient and only act on the best and high probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon