ENS has soared over 49% in the past week, driven by growing market optimism. Amid this surge, former ENS Operations Director Brantly Millegan has made a notable move, depositing 92,535 ENS (valued at $1.98 million) to Coinbase for $21.34 per token.
His latest deposit coincides with a 47.7% jump in $ENS over just two days, spurred by increasing speculation that an Ethereum ETF approval is on the horizon. However, the token’s price has dipped 2% in the past 24 hours, highlighting the market’s volatility.
At the time of writing, ENS was trading at $22.18.
ENS after making the recent high of $30.5 (on 5th March) witnessed a sharp correction and the prices fell almost by 65% and made the low of $10.55. Post this move the asset was consolidating and was trading in a range from $13 to $16.5 with low volumes. ENS finally gave a breakout above the range with good volumes and surged up to $23.3. The asset has a strong resistance at $24.5. Once it breaks and sustains above this resistance then we may expect the prices to further rally up to $30.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2 |
| $17 | $20 | ENS | $24.5 | $30 |
