Ethereum Name Service ENS price strong but there is a nuance

Given the media hype surrounding the ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week

#ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle.

Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40.

🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively.

Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.