Technical analysis by CryptoNuclear about Symbol ENS: Buy recommendation (7/8/2025)

Ethereum Name Service (ENS) is currently positioned at a critical inflection point on the weekly chart, signaling a high-probability setup for a massive bullish breakout after nearly 2 years of sideways consolidation and structural base building.🔍 Technical Pattern BreakdownThis chart reveals a macro Ascending Triangle formation developing since late 2022, with higher lows consistently respecting a rising trendline support and price now retesting the golden pocket Fib zone.Pattern Formed:📐 Macro Ascending Triangle + Fibonacci Confluence Zone📉 Long-Term Accumulation Range: $14.6 – $23.7Trendline Support:✅ Rising since 2023, showing buyers consistently stepping in at higher levelsFibonacci Retracement:🔑 Price currently sitting between 0.5–0.786 Fib zone from the 2023 rally:0.5 = $18.330.618 = $16.820.786 = $14.68🟢 Bullish Scenario – Potential Multi-Leg RallyIf price holds and rebounds from this support region, we could see a stepped breakout with key resistance levels being taken out one by one:1. First Resistance – $23.73: Psychological and structural breakout level2. Second Target – $30.48: Prior major rejection area3. Third Target – $47.13: 2024 resistance high4. Macro Target – $69.99 to $85.88: Full breakout potential from triangle width and historical ATH zone🚀 Upside Potential from Current Levels (~$18): Over 350%📈 This would confirm the end of the accumulation cycle and signal the start of a long-term bullish phase.🔴 Bearish Scenario – Breakdown RiskIn the event of a confirmed weekly candle closing below $14.6, we invalidate the ascending triangle and shift bias toward bearish retracement:Next Support: $10.00Extreme Bearish Target: $6.65 (macro low from 2022)🛑 Breakdown from this structure would suggest failure of the accumulation pattern and return to long-term bearish pressure.💡 Strategic InsightENS is one of the rare altcoins currently forming a clean high-timeframe bullish setup. This is the kind of structure institutional or swing traders look for when anticipating early entries before explosive moves.With a tight invalidation below $14.6 and multiple upside targets, this setup provides a strong risk-reward opportunity.#ENS #ENSUSDT #AltcoinBreakout #CryptoSetup #Accumulation #TechnicalAnalysis #CryptoTrading #SwingTrade #Fibonacci #AscendingTriangle