🚀 $ENS Bullish Breakout: Infrastructure Sector Rotation in Full Swing
The infrastructure sector is heating up, and Ethereum Name Service ($ENS ) is emerging as a top contender for the next major leg up. After weeks of tight consolidation, price action is finally signaling a definitive breakout.
📈 Technical Analysis: The Compression Break
ENS has been trapped in a multi-week compression zone, building the necessary pressure for a volatile move. What’s most impressive is the price stability we are seeing above the $10.30 level.
Instead of a "fake-out" followed by a sharp rejection, ENS is consolidating high, suggesting that bulls are absorbing selling pressure and preparing for a continuation.
🎯 The Trading Blueprint
For those looking to capitalize on this momentum, here are the key levels to watch:
• Entry Price (EP): $10.00 – $10.50 (Ideal buy zone on retests)
• Take Profit 1 (TP1): $11.40
• Take Profit 2 (TP2): $12.80
• Take Profit 3 (TP3): $14.90
• Stop Loss (SL): $9.20 (Protecting against a breakdown of the structure)
🌍 Market Context: Why Now?
The broader market is witnessing a clear sector rotation. As capital moves from speculative assets into core Web3 infrastructure, ENS stands to benefit as the primary identity layer of the Ethereum ecosystem.
With the market mood improving and ENS holding its breakout ground, the risk-to-reward ratio for a long position looks increasingly attractive.
🔍 Pro Tip
Keep a close eye on $ETH volume. Since ENS acts as a high-beta play on the Ethereum ecosystem, any sudden surge in Ethereum's price will likely act as a catalyst to hit TP2 and beyond.
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