Technical analysis by CryptoNuclear about Symbol ENS: Buy recommendation (11 hour ago)

Overview ENS price is currently at a decisive point — compressed within a descending triangle formation, narrowing right above the major demand zone between 17.5–19.5 USDT. After a prolonged correction from its local highs, the market is now facing an intense battle between fading selling pressure and persistent buying defense around this key support. The upcoming move will likely define the next major trend for ENS in the following weeks. --- Structure and Pattern Main Pattern: Descending Triangle — signaling consistent selling pressure but also potential for a strong reversal if a breakout occurs. Critical Zone: The 17.5–19.5 USDT area acts as a long-standing demand zone that has repeatedly held price throughout 2025. Short-Term Dynamics: The series of lower highs forming the descending trendline indicates a phase of accumulation or waiting for a key catalyst. --- Bullish Scenario – Reversal from Demand Zone If ENS manages to break above the descending trendline and close a daily candle above 24.15 USDT, it would confirm a valid bullish breakout from the pattern. Confirmation: A daily candle with strong volume closing above the trendline. Upside Targets: 24.15 → 27.7 → 30.67 → 37.6 → up to 47.9 USDT if momentum continues. Strategy: Wait for a retest around the breakout area for confirmation. Maintain a stop-loss below 17.5 to manage risk. Such a breakout could mark the beginning of a major reversal, especially if supported by rising volume and positive sentiment within the Ethereum Name Service (ENS) and Web3 ecosystem. --- Bearish Scenario – Breakdown from Historical Support Conversely, if selling pressure pushes the price below the 17.5 USDT zone, the mid-term structure may shift into a bearish continuation. Confirmation: A daily close below 17.5 with strong volume. Downside Targets: 15.0 → 12.0 → potential retest of the historical low at 11.9. Strategy: Consider short positions after a breakdown and retest of the former support-turned-resistance area. A confirmed breakdown below this demand zone would reinforce the narrative that buyers are losing control, opening the door to a new downward trend phase. --- Technical Conclusion ENS is currently at a critical inflection point — the 17.5–19.5 zone represents the buyers’ last stand. A breakout above the descending trendline could ignite a significant rally toward 30–37 USDT, while a breakdown below the demand zone could extend the correction into the 12–15 USDT range. Watch price reaction and volume within the yellow zone, as it will determine the winner of this crucial market battle. --- #ENS #ENSUSDT #CryptoAnalysis #TechnicalAnalysis #PriceAction #DescendingTriangle #SupportResistance #BreakoutTrading #SwingTrade #Web3 #EthereumNameService #CryptoTrading