ENS Price at $28: Is a Downturn Coming?

ENS Reaches $28: Watch Out for a Potential Dip

Ethereum Name Service (ENS) has seen a notable price increase, reaching $28. However, several indicators suggest that investors should proceed with caution.

Binance Inflows: A Bearish Signal?

The altcoin netflow to Binance chart reveals a significant normalized inflow for ENS. Historically, such high inflow has been a strongly bearish signal, often preceding price corrections.

Key Takeaway: Keep a close eye on exchange inflows as a leading indicator of potential sell-offs.

At Codeum, we understand the importance of monitoring these market signals. Our mission is to enhance security and trust in the blockchain space through smart contract audits, KYC verification, and custom DApp development. Stay informed and secure with Codeum.