ENS has increased over 8% amidst Ethereum’s rally past 3,100 USD. The Open Interest rose by nearly 50% to about 131 million USD, showing heightened interest among traders and decreased selling pressure due to dwindling ENS supply on exchanges.
The bullish sentiment is reinforced as ENS looks to break through the 30.29 USD resistance level. Various technical indicators suggest that a continued price increase could follow if momentum is maintained, despite potential risks of a bearish correction.
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