The bulls have made an attempt to break through the resistance level, but the outcome remains uncertain.
ENS Price has surged by 10.50% today following a recent partnership announcement with GoDaddy, the domain registrar.
A healthy retracement has occurred, finding support at the 50% Fibonacci level and pushing the price back up to $25.00.
With the positive price reaction, there's a likelihood of another 28% surge in the ENS token's value to challenge the previous swing high of $27.5.
A cup and handle pattern observed on the weekly chart suggests the potential for a bull run in the ENS price.
Under the influence of this pattern, ENS price may surpass the $27.5 barrier.
As per Coingabbar analysis, If these levels are breached, the ENS price rally could aim for a potential target of $48
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