Current price situation of Ethena: Ethena is in a bullish phase, having broken past previous resistance, now acting as support. The round bottom pattern signals a transition from bearish to bullish sentiment, strengthening the asset’s position.
Resistance levels and trading volume: The price is now testing a higher resistance level. A breakthrough with increased volume could lead to further gains. Trading volume becomes a critical factor to monitor.
Market sentiment analysis: Sjuul’s tweet emphasizes the unnoticed rise of Ethena, suggesting that there may be significant growth as users begin to pay attention to this asset.
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