儘管交易量飆升了85％，但Ethena Labs [ENA]下降了約7.60％

一條鯨魚以平均價格為0.404美元購買了1547.3萬ENA。放棄後，他們將剩餘的1,216萬ENA存入了442萬美元的獎金，為0.347美元。

Ethena [ENA] price dropped about 7.60% in the last 24 hours despite trading volume surging 85%. The altcoin could be set for significant moves in either direction.

儘管交易量增加了85％，但在過去24小時內，Ethena [Ena]的價格下跌了約7.60％。可以將AltCoin設置為在任一方向上的重大移動。

But with whales’ activities presenting a direction dilemma for ENA, could be exiting too early?

但是，隨著鯨魚的活動呈現出ENA的方向困境，可能還為時過早嗎？

ENA whale loses 13% in three months of trading

ENA Whale在交易三個月內失去了13％

A whale purchased 15.473 million ENA at an average price of $0.404. After unstaking, they deposited the remaining 12.16 million ENA—worth $4.42 million—into Binance at $0.347.

一條鯨魚以平均價格為0.404美元購買了1547.3萬ENA。放棄後，他們將剩餘的1,216萬ENA存入了442萬美元的獎金，為0.347美元。

This marked the end of a three-month ENA trade, resulting in a loss of $817K, approximately 13.1%. In total, the whale has sold 15.66 million ENA, valued at $5.43 million.

這標誌著三個月的ENA貿易的結束，導致損失81.7萬美元，約為13.1％。鯨魚總共售出了1566萬ENA，價值543萬美元。

Another whale deposited $10.1 million USDC into Hyperliquid, taking long positions in ENA, PEPE, and NEAR, incurring a $400,000 cost in the process.

另一條鯨魚將1,010萬美元的貨幣存入了超流動液中，在ENA，PEPE和附近佔據了長時間的職位，在此過程中產生了40萬美元的成本。

As the price range tightened, buyers stepped in, hinting that the market might be gearing up for a rally.

隨著價格範圍的收緊，買家介入，暗示市場可能正在為集會做準備。

However, ENA’s capitulation seemed driven by selling pressure, despite the price remaining above a downward channel. This raises questions about timing—did the whales move too soon?

但是，儘管價格仍在向下渠道上方，但ENA的投降似乎是由銷售壓力驅動的。這引發了有關時間安排的問題 - 鯨魚移動太早了嗎？

Will history repeat as USDe supply surges?

歷史會隨​​著USDE供應激報而重複嗎？

The price of the altcoin stood at $0.3531, at press time, a bit above its upper border, suggesting it may soon rebound from its long-lasting descending channel.

Altcoin的價格為0.3531美元，截至發稿時，其上邊界略高於其上邊界，這表明它可能很快就會從持久的降落頻道反彈。

After a surge earlier in May pushed the price up beyond $0.40, it pulled back a bit.

5月初的激增將價格提高到了0.40美元以上，它退縮了一點。

If ENA maintains a higher value than the channel lines, it could move higher to $0.50, with $0.8019 as the bigger target. If ENA falls below $0.35, it could reverse and move back to lower levels below $0.28.

如果ENA的價值高於頻道線，則可能會提高到0.50美元，而$ 0.8019作為更大的目標。如果ENA低於$ 0.35，它可能會逆轉並恢復到低於$ 0.28的較低水平。

The MACD analysis showed that the MACD line and the signal line were intersecting at 0.0151, while the histogram remained flat—indicating neutral momentum.

MACD分析表明，MACD線和信號線在0.0151時相交，而直方圖保持平坦，這表明了中性動量。

When market uncertainty is high, a major price move can occur—either buyers will take control, or sellers break support again.

當市場不確定性很高時，可能會發生重大的價格轉移 - 購買者將控製或賣方再次支撐。

The upper boundary of the descending channel acted as a critical support level, but until price action confirmed a breakdown, the level remained intact.

降渠道的上邊界充當關鍵支持水平，但是直到價格動作確認崩潰之前，該水平保持完整。

A price above $0.35 could signal strength, but dropping below it might trigger a fresh sell-off. At the time of writing, it was unclear whether ENA’s position would gain traction or weaken further.

價格高於0.35美元的價格可能會表示強度，但下降到它以下可能會觸發新的拋售。在撰寫本文時，目前尚不清楚ENA的位置是否會吸引還是進一步削弱。

Meanwhile, Ethena’s stablecoin, USDe, saw a $300 million surge in supply over the past week as funding rates improved.

同時，Ethena的Stablecoin，USDE在過去一周的供應量增加了3億美元，隨著資金率提高。

This mirrors a similar event from October 2024, when USDe skyrocketed from $0.25 to a record high of $1.25.

這反映了從2024年10月開始的類似事件，當時USDE從0.25美元飛漲到創紀錄的1.25美元。

Now that the situation was similar, many were convinced another bold move for ENA was beginning.

現在情況相似，許多人確信ENA的另一個大膽的舉動已經開始。

If what history tells us is correct, this would be the beginning of big advances at Ethena Labs, so this could draw investors who hope to gain great profits.

如果歷史告訴我們的是正確的，這將是Ethena Labs的重大進步的開始，因此這可以吸引希望獲得豐厚利潤的投資者。