ENS Price Prediction: If buying power continues, it may challenge the $30 key resistance level.

The buying pressure in the ENS Spot market is continually rising ENS recorded its first consecutive four days of Spot buying volume exceeding selling volume in 2025. Data from July 16 showed that the buy volume for ENS was 443,000, the sell volume was 363,000, and the Buy-Sell Delta net value was a positive 80,000, indicating a sustained accumulation signal for buying.

According to Santiment data, the "price and daily active addresses (DAA) divergence value" of ENS has remained positive this week, indicating that network usage is also increasing. This is usually a sign of rising driven by real user demand rather than mere speculation.

The derivatives market remains skeptical about the market trend Although the Spot market performed strongly, the derivatives market reacted with a slight caution. CoinGlass data shows that the Open Interest of ENS surged by 47.77% to $132 million, and the derivatives trading volume skyrocketed by 220.68% to $518 million.

However, the overall Long/Short ratio remains at 0.97, indicating that the bears still hold a slight advantage. Even on major CEX, the Long/Short ratio for advanced traders is only between 1.36 and 1.69, reflecting that the market has not fully shifted to a bullish sentiment.

This indicates that many futures traders may be "shorting the rebound," keeping an eye on possible price adjustments that may follow.

Is it time to enter the profit-taking phase? Due to the strong rise in ENS prices in a short period, it has also provided an ideal profit-taking opportunity for users who have been long-term trapped. On-chain data shows that a total of $3.46 million worth of ENS has flowed into exchanges, marking the largest scale since the beginning of this year.

The continuous positive net flow data for three consecutive days indicates that a large number of investors are cashing out their profits. In other words, some users are actively selling in response to the current rising market.

The future trend of ENS will depend on the battle between bulls and bears According to analysis by AMBCrypto, the strong rebound of ENS is accompanied by a rise in technical indicators. The Stochastic RSI has soared to 100, entering the overbought zone; while the RVGI indicator has risen to 0.37, indicating strong momentum.

If the buyer's strength continues, ENS may challenge the key resistance level of $30. However, if selling pressure increases, it may pull back to the previous support area of $23.06.

Gate market shows that ENS is currently priced at 26.407 USD, with a 24-hour rise of 0.39%.

Conclusion: The recent significant rise of ENS indicates that market sentiment is warming up, but the cautious attitude in the derivatives market reminds us that there are still volatility risks. In the context of both bullish expectations and profit-taking, closely monitoring on-chain capital flows and the performance of key resistance levels will be crucial for ENS to stabilize above $30 in the short term.