ENS drops 7% as bearish momentum builds below key averages
Ethereum Name Service (ENS)
Tradersunion.com reports that Ethereum Name Service has fallen 7.03% to trade at $6.61. The asset is now positioned below its hourly MA-20 at $6.93 and its MA-50 at $7.02. This placement signals ongoing bearish momentum across both short and medium timeframes.
Despite this weakness, the price remains above the daily MA-200 at $5.43, which provides longer-term support. The Ichimoku Kijun is currently at $6.92, acting as immediate resistance for buyers. Momentum indicators reflect this sell-side pressure, with the MACD signaling a sell and the RSI at 33.58.
However, the Stoch RSI and CCI suggest the asset is in oversold territory, which could trigger a technical bounce. Analysts note a shift from previous bullish conditions to this current bearish state. They identify $6.4 as a critical support level that must hold to prevent further declines. The forecast suggests a 78% probability of continued downside over the next two to three days.
How the market reacted
Whalio's own Binance spot order flow for ENS, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Whalio data shows ENS trading at $7.01 with a 1-hour buy ratio of just 20.3%. This is significantly lower than the 4-hour buy ratio of 41.5% and the 24-hour ratio of 49.6%. The 1-hour volume delta is negative $61,473, while the 4-hour delta is -$58,421. These figures indicate that selling pressure is intensifying in the short term compared to the broader day. The 24-hour volume delta stands at -$8,219, with a cumulative CVD of -$146,815. This means that over the last day, sellers have consistently outpaced buyers in net volume. Only 8 out of 24 hours saw net buying, highlighting a dominant selling trend.
The latest daily buy ratio of 52.2% sits at the 74th percentile of the last 322 days, against a median of 50.0% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ENS, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 52.1%, which is higher than the current 24-hour reading of 49.6%. Volume over the last day was 0.44 times the weekly average, indicating reduced participation. The coin saw net buying on 6 of the last 7 days, with a total volume delta of +$1,215,491. This recent day is unusual because it breaks the streak of net buying days and shows lower volume. The price rose 8.0% over the past 8 days before this shift in flow.