Ethereum Name Service ENS
ENS cycle analysis · chart, confirmed lows and fundamentals
Red List Recovering Phoenix · monthly · score 55 mixed
66.3% below its 365-day high of $16.72 (2025-10-27), +49.1% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
A crash of 9.2 daily-vol units over 20 days, 66% below its rolling 365-day high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +49.1% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 1g 3g 2Ug 1r
- Confirmed low
- $3.78 · 2026-08-31
- Position
- 2 of median 4.5 (max 8)
- Current low
- $3.78 · confirmed
- Cycle-low confidence
- 37% · in band
- Confirmed lows
- 9
Weekly
- Last bars
- 2Ug 2Dr 2Dr 2Dr 1g
- Confirmed low
- $5.18 · 2026-09-20
- Position
- 5 of median 4.5 (max 21)
- Current low
- $5.22 · unconfirmed
- Confirms above
- $6.47
- Cycle-low confidence
- 53% · in band
- Confirmed lows
- 47
Daily
- Last bars
- 2Dr 2Dr 1g 3g 1g
- Confirmed low
- $5.22 · 2026-10-18 (daily)
- Position
- 3 of median 5 (max 21)
- Current low
- $5.22 · confirmed
- Cycle-low confidence
- 21%
- Confirmed lows
- 334
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 3.78 (Aug 2026), month 2 of a cycle that has typically run 4.5. Cycle-low confidence 37%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 5.18 (Sep 2026), week 5 of a cycle that has typically run 4.5. Current low 5.22 is unconfirmed — it confirms above 6.47. Cycle-low confidence 53%.
- Daily: bar is a green inside bar. Last confirmed swing low 5.22 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 21%.
- Red List: 66% below the 2025-10-27 high; +49% off the 365-day low.
- Phoenix: 92% decline over 20 months, monthly swing low confirmed (next-bar), now +49% above the trough; pullback #2 confirmed 2026-09-27.
- Gauges: Mayer multiple 1.03 (neutral); -63% vs the 200-week average; -93% from the all-time high.
Has Ethereum Name Service bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the ENS snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $3.78 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $5.18 from 2026-09-20. A newer candidate at $5.22 is unconfirmed; its confirmation level is above $6.47, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $5.22 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Ethereum Name Service below its high?
The Coinbase price snapshot is 66.3% below its rolling 365-day high of $16.72 from 2025-10-27. Separately, CoinGecko reports -93.2% relative to its all-time high of $83.40 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
- Amber List → Amber List; recovering · Phoenix monthly
- First observed: Amber List
Phoenix
stopped falling, by the rules- Peak
- $50.50 · Dec 2024
- Trough
- $3.78 · Aug 2026
- Decline
- -92.5% over 20 months
- Above trough
- +49.1%
- Monthly
- confirmed (next-bar) · trigger $6.57
- Weekly
- confirmed (late (4 bars))
- False bottom
- none
- Entry
- pullback #2 low $5.18 confirmed 2026-09-27 · trigger $6.93
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 2.14 % | 5.5 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 2.37 x | 4.8 / 15 |
| Size (market-cap rank) survivorship | 159 # | 3 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 113.3 x | 9.6 / 20 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | -24.4 % | 2.6 / 10 |
| Age on Coinbase survived a cycle | 4.9 yrs | 10.0 / 10 |
| tvl | could not look — no source data | |
6 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $287.7M
- Fully diluted
- $680.6M
- 24h volume
- $6.2M
- Circulating
- 42,267,014 of 100,000,000 max
- All-time high
- $83.40 · 2021-11-10 (-93.2%)
- TVL
- $0 (protocol)
- Fees 30d
- $208.7K
- Revenue 30d
- $208.7K
- Fees 1y
- $3.8M
- Mayer multiple
- 1.031 · neutral
- vs 200-week avg
- -62.8%
- Pi cycle
- 0.384
- On Coinbase since
- 2021-11-16 (1801 bars)
- CoinGecko id
- ethereum-name-service
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources