以太坊名称服务（ENS）扭转了长期看跌趋势，反弹会继续吗？

以太坊名称服务 [ENS] 扭转了其长期看跌趋势，并突破了自 8 月初以来一直挑战多头的 20-22 美元区域附近的一系列阻力位。

Ethereum Name Service (ENS) has finally flipped its long-term bearish trend after a cluster of resistance levels around the $20-$22 region challenged the bulls since early August.

自 8 月初以来，在 20-22 美元区域周围的一系列阻力位对多头构成挑战之后，以太坊名称服务 (ENS) 终于扭转了其长期看跌趋势。

However, a recent breakout saw this hurdle overcome, with the token’s price rallying by over 40% in the past week alone. Network activity also told an encouraging tale.

然而，最近的一次突破克服了这一障碍，仅过去一周代币的价格就上涨了 40% 以上。网络活动也讲述了一个令人鼓舞的故事。

After a prolonged bearish spell, ENS has finally managed to flip a crucial resistance level. But where could the token be headed next?

经过长时间的看跌之后，ENS 终于成功突破了关键的阻力位。但代币接下来会走向何方呢？

ENS’ 90-day MVRV was positive after the strong recent gains. This opened the possibility for some profit-taking activity and a price dip. However, the transaction count and velocity were more bullish.

在近期强劲上涨后，ENS 的 90 天 MVRV 为正值。这为一些获利了结活动和价格下跌提供了可能性。然而，交易数量和速度更为乐观。

Their upward trajectory since late October was a sign of increased market activity. The transaction count measures the unique transactions occurring on the network in a day.

自十月底以来的上升轨迹是市场活动增加的迹象。交易计数衡量一天内网络上发生的唯一交易。

An increase in this metric is a sign of increased market participation. Velocity measures how often a token changes hands.

该指标的增加表明市场参与度增加。速度衡量代币易手的频率。

Increased prices, velocity, and transaction count mean that the token is traded more frequently and supports the idea of a healthy, active market.

价格、流通速度和交易数量的增加意味着代币的交易更加频繁，并支持健康、活跃的市场理念。

Finally, the supply distribution by balance of addresses showed that the 1,000-1,000,000 ENS balance addresses had shed some of their holdings since October.

最后，按地址余额划分的供应分布显示，自 10 月份以来，1,000-1,000,000 个 ENS 余额地址已经减持了部分资产。

The 10,000-100,000 ENS balance addresses, on the other hand, had seen their holdings decrease.

另一方面，10,000-100,000 个 ENS 余额地址的持有量却有所减少。

However, the former cohort has begun to climb higher, showing some accumulation. Shrimp addresses with less than 10 ENS were also accumulating.

然而，前一批已经开始攀升，显示出一些积累。 ENS 小于 10 的虾地址也在不断积累。

More importantly, large whales with 1 million or more ENS saw their share of the pie increase, a sign that whales were buying these tokens too.

更重要的是，拥有 100 万或更多 ENS 的大型鲸鱼所占的份额有所增加，这表明鲸鱼也在购买这些代币。

ENS’ recent price action signaled a bullish bias, with a breakout from a key resistance level.

ENS 最近的价格走势表明看涨倾向，突破了关键阻力位。

While this set the stage for further gains, especially with whale buying, a BTC-led market downturn could pull ENS below the $20 mark.

虽然这为进一步上涨奠定了基础，尤其是在鲸鱼买盘方面，但 BTC 主导的市场低迷可能会将 ENS 拉至 20 美元以下。

However, it is anticipated that the token can still trend higher, with its 78.6% Fibonacci level at $15.7 serving as a crucial support level.

然而，预计该代币仍可能走高，其 15.7 美元的 78.6% 斐波那契水平是关键支撑位。