Is Ethereum Name Service on an upswing?
No, since October 25, 2022, Ethereum Name Service has been in a long-term downward trend and has decreased by -19.71 percent over that period. The 200-day line is currently 24.64 percent away from the current price. It is 12.42 percent away from the 100-day line and 19.73 percent away from the 50-day line.
The Ethereum Name Service Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the Ethereum Name Service price over the next year. The most optimistic predicted a 12-month price target of $16.07, implying an 87 percent raise, while the worst-case scenario would be $12.26.
The most recent average price target for the next year is $13.94, and it's the most crucial.
That equates to a potential gain of 2.39 percent.
ENS - Relative Strength Forecast
ENS - Trend Prediction
ENS - Price Volatility Prediction
ENS - Relative Strength
ENS - Momentum Forecast
What Does the Future Hold for Ethereum Name Service?
Ethereum Name Service's long-term prospects appear to be excellent. 4 analysts predicted that Ethereum Name Service would reach $14.61 by March 2025. The Ethereum Name Service price is expected to be $15.32 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $16.44.