Ethena whales accumulate the dip – Will ENA rise towards 0.3462 USD?

Whales have shown strong confidence by accumulating 14.56 million ENA, indicating robust market sentiment. The demand zone between 0.2450 USD and 0.2750 USD suggests a strong possibility of price rallies, attracting significant trader interest.

The Taker Buy CVD illustrates bullish momentum, suggesting that buyers are absorbing sell pressure. The long/short ratio of 2.16 reflects trader optimism for price increases, aligning with ENA’s potential recovery toward resistance near 0.3462 USD.

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