ENS / TetherUS
Long

ENS/USDT — Fibonacci Zone: Bullish Reversal or Bearish Breakdown

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Chart Overview (1W Timeframe)
ENS/USDT is currently trading at the critical zone of 22.4 – 24.1 USDT, a decisive area because:

It represents a flip zone (previous resistance that may now act as strong support).

It aligns with a Fibonacci confluence at 0.5 (≈24.05) and 0.618 (≈22.39), making it a high-probability demand area.


This zone will decide whether ENS confirms a bullish continuation or faces a bearish breakdown in the coming weeks.

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🔹 Market Structure & Pattern

After a strong rebound from the 2023 lows, ENS formed a swing high in 2025 but failed to break higher → early signs of consolidation.

The price is now retesting the golden support zone (22–24), acting as a pivotal decision level.

Instead of a classic pattern (e.g., H&S, triangle), the chart shows signs of range accumulation vs. distribution → making reaction at key levels the primary focus.

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🔹 Bullish Scenario

Condition: Weekly close above 24.05 and ideally above 27.58.

📈 Upside targets:

1. 27.58 USDT → minor resistance, confirmation level.


2. 30.47 USDT → key psychological & structural resistance.


3. 37.39 – 40.87 USDT → major supply zone.


4. 47.59 USDT → extended target if strong momentum continues.



✅ Bullish confirmation = strong green weekly candle closing above the zone with rising volume.

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🔹 Bearish Scenario

Condition: Weekly close below 22.39 (0.618 Fib).

📉 Downside targets:

1. 18.29 USDT → 0.5 retracement support.


2. 17.04 USDT → 0.618 retracement support.


3. 6.66 USDT (historical low) → only if a deep breakdown unfolds.



⚠️ A breakdown and failed retest below 22.39 would confirm a larger distribution phase.

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🔹 Key Takeaways for Traders

The 22.4 – 24.1 USDT zone is the “make-or-break level.”

Holding this level → opens the door for a multi-month bullish trend.

Losing this level → signals risk of a mid-term bearish move.

Risk management is crucial on the weekly timeframe — stops should be clear (e.g., below 22 for long setups).

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🎯 Conclusion

ENS is testing its golden Fibonacci zone — the defining level for its next major move.

Bullish case: Hold & breakout → potential targets 30–47 USDT.

Bearish case: Breakdown → risk of decline toward 18–17, possibly 6.6 in the long term.


📌 All eyes on the weekly close around 22–24 USDT — a key zone no swing trader or investor should ignore.

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