Ethereum News Today: Ethereum Name Service (ENS) Surges 60% as 250K Tokens Exit Exchanges, Boosting Bullish Momentum

Ethereum Name Service (ENS) has experienced a notable price surge, climbing from $18 to $30 amid a significant withdrawal of over 250,000 tokens from major exchanges. The outflows, which began on July 27, 2025, have reduced sell pressure and signaled strong accumulation by investors, setting the stage for potential breakout or correction near critical liquidity zones. Technical indicators such as the Chaikin Money Flow (CMF) and Moving Average Convergence Divergence (MACD) suggest continued bullish momentum, despite resistance near $30. Liquidity concentrations between $26 and $34 are now central to traders’ strategies, with outcomes likely to determine ENS’s next directional move [1].

The price action reflects a mix of accumulation and technical strength. Over 250,000 ENS tokens have exited trading platforms, a trend historically associated with reduced short-term selling pressure and increased investor confidence. CryptoQuant data highlights the correlation between outflows and the 60% price increase, underscoring a shift in market sentiment toward holding rather than trading [2]. This dynamic aligns with broader patterns observed in digital asset markets, where large-scale token withdrawals often precede sustained rallies.

Technical analysis further supports a cautiously optimistic outlook. The CMF indicator currently stands at 0.1, a positive sign of buying pressure, while the MACD has turned positive, albeit with decelerating momentum. ENS is consolidating near $30, a level that could either trigger a pause or minor correction before resuming its upward trajectory. Traders are closely monitoring the $26–$34 range, where liquidity is most concentrated. A sustained break above $30 could push prices toward $32–$34, potentially amplifying short-covering activity and driving ENS toward $35 or higher. Conversely, a pullback below $29 may lead to profit-taking, with $26 acting as a key support level [3].

The liquidity profile introduces both opportunities and risks. Between $26 and $34, the asset’s price is poised to test critical thresholds that could influence volatility. If ENS sustains above $30, liquidations near $32 may propel the token toward $34–$35. However, a failure to hold this level could result in downward retracement toward $26, where additional selling pressure may emerge [4]. Analysts note that these zones will likely dictate the token’s near-term trajectory, with traders adapting strategies to either capitalize on potential breakouts or mitigate downside risks.

While projections for ENS’s future price action remain speculative, the current data suggests a scenario where sustained buying pressure could drive the token toward $45 or beyond, provided bullish momentum continues. However, such forecasts depend on market conditions and should not be conflated with guaranteed outcomes. The absence of new inflows into exchanges further reinforces the bearish sentiment among short-term traders, who may exit positions ahead of potential volatility [5].

ENS’s recent performance highlights the interplay between on-chain activity and technical indicators in shaping market dynamics. As the token consolidates near $30, the coming days will likely test the resilience of both its technical setup and investor sentiment. Traders and analysts alike will monitor liquidity levels and price reactions to gauge whether ENS can solidify its position above critical resistance or face a corrective phase.

Sources:

[1] [Ethereum Name Service (ENS) Price Eyes Potential Breakout Amid Exchange Outflows and Key Liquidity Zones July 27, 2025] https://en.coinotag.com/ethereum-name-service-ens-price-eyes-potential-breakout-amid-exchange-outflows-and-key-liquidity-zones/

[2] [Ethereum Name Service (ENS) Price Eyes Potential Breakout Amid Exchange Outflows and Key Liquidity Zones July 27, 2025] https://en.coinotag.com/ethereum-name-service-ens-price-eyes-potential-breakout-amid-exchange-outflows-and-key-liquidity-zones/

[3] [Ethereum Name Service (ENS) Price Eyes Potential Breakout Amid Exchange Outflows and Key Liquidity Zones July 27, 2025] https://en.coinotag.com/ethereum-name-service-ens-price-eyes-potential-breakout-amid-exchange-outflows-and-key-liquidity-zones/

[4] [Ethereum Name Service (ENS) Price Eyes Potential Breakout Amid Exchange Outflows and Key Liquidity Zones July 27, 2025] https://en.coinotag.com/ethereum-name-service-ens-price-eyes-potential-breakout-amid-exchange-outflows-and-key-liquidity-zones/

[5] [Ethereum Name Service (ENS) Price Eyes Potential Breakout Amid Exchange Outflows and Key Liquidity Zones July 27, 2025] https://en.coinotag.com/ethereum-name-service-ens-price-eyes-potential-breakout-amid-exchange-outflows-and-key-liquidity-zones/