ENS Wallet Deposits 1.457M Tokens to Binance

An Ethereum Name Service (@ensdomains) token unlock wallet just dumped 1.457 million $ENS tokens, valued at $9.34 million, straight into Binance five hours ago, per on-chain tracker Lookonchain. This move hits amid surging interest in domain protocols, potentially pressuring ENS price prediction models as whales reposition ahead of broader crypto market crash risks tied to Bitcoin volatility.

Zooming into the 4-hour chart, ENS trades at $7.61 in a clear bullish structure, hugging the upper Bollinger Band resistance at $7.71 while the RSI screams overbought at 98.77—classic exhaustion signal after that golden cross on MACD at 0.39. Price finds firm footing above the EMA50 at $6.32 and EMA200 at $6.06, acting as dynamic supports, but with momentum this stretched, expect a sharp pullback to test that lower band support at $5.16 before bulls reload for the next leg up, especially if BTC holds its ground.