Ethena（ENA）的价格在doken解锁中飙升：看涨还是看跌？

Ethena的ENA代币价格违反了期望，在重大解锁之前集会。看涨趋势会继续下去还是解锁会引发经济下滑？深入了解市场情绪和技术分析。

Ethena (ENA) Price Surges Amidst Token Unlock: Bullish or Bearish?

Ethena（ENA）的价格在doken解锁中飙升：看涨还是看跌？

Ethena's ENA token is making waves! Despite an impending token unlock, the price is rallying, leaving investors wondering what's next. Let's break down the key trends and insights.

Ethena的Ena代币正在引起海浪！尽管即将来临的令牌解锁，但价格仍在集会，使投资者想知道下一步是什么。让我们分解关键趋势和见解。

Defying Gravity: ENA's Price Rally

违抗重力：ENA的价格集会

In early August 2025, Ethena (ENA) showed impressive strength. On August 5th, the price jumped 13.17% to $0.622, briefly hitting $0.628. This surge occurred even as 250 million ENA tokens were moved to exchanges, signaling a potential sell-off ahead of the unlock.

2025年8月上旬，埃塞纳（Ena）（ENA）表现出了令人印象深刻的力量。 8月5日，价格跃升了13.17％，至0.622美元，短暂达到了0.628美元。即使将2.5亿个ENA令牌转移到交易所，这一激增仍会发生，这表明可能在解锁之前出现了潜在的抛售。

Trading volume soared 28% to $1.14 billion, indicating renewed investor interest. The cryptocurrency successfully held the $0.51 support level.

交易量飙升28％至11.4亿美元，表明投资者的利息更新。加密货币成功地持有$ 0.51的支持水平。

Token Unlock: A Looming Event

令牌解锁：迫在眉睫的事件

On August 6th, Ethena faced a significant supply event: the unlock of 171.85 million tokens, valued at approximately $103 million. This represents about 2.70% of ENA’s total market cap, making it one of the largest unlocks recently.

8月6日，埃塞纳（Ethena）面临着一项重大供应活动：解锁17185万个令牌，价值约1.03亿美元。这约占ENA总市值的2.70％，使其成为最近最大的解锁之一。

Historically, ENA has performed well in the week following unlocks. However, this unlock is larger than previous ones, adding uncertainty.

从历史上看，ENA在解锁后的一周内表现出色。但是，这种解锁比以前的解锁大，增加了不确定性。

Bullish Sentiment and Technical Indicators

看涨情绪和技术指标

Market sentiment shifted from negative to positive, with buy volume exceeding sell volume. Coins are also moving off exchanges, suggesting holders plan to store them long-term.

市场情绪从负面变为正，买入量超过卖出量。硬币也正在退出交流，建议持有者计划长期存储它们。

Derivatives trading activity increased, with Open Interest jumping 17.47% to $1.14 billion. The Long/Short Ratio reached 1.0008 across all exchanges, and even higher on Binance, indicating traders expect ENA price to rise.

衍生品交易活动增加了，开放利息跃升了17.47％，至11.4亿美元。在所有交易所中，长/短比率达到1.0008，甚至均值更高，表明交易者预计ENA价格会上涨。

Technical indicators support this bullish sentiment. The Stochastic RSI rose after a bullish crossover, and the Chaikin Money Flow has stayed positive.

技术指标支持这种看涨情绪。在看涨跨界后，随机的RSI上升了，Chaikin的货币流量一直保持积极。

USDe's Role in Ethena's Ecosystem

USDE在Ethena的生态系统中的作用

The growth of Ethena’s native stablecoin, USDe, is fueling confidence. USDe's supply increased by 75% in July alone, becoming the third-largest stablecoin by market cap. Ethena has also become the sixth-largest DeFi protocol by total value locked (TVL).

埃塞纳（Ethena）的本地稳定币（USDE）的增长正在推动信心。仅7月份，USDE的供应量增加了75％，成为市值的第三大稳定。 Ethena还通过总价值锁定（TVL）成为第六大的Defi协议。

Analyst Perspectives and Price Targets

分析师的观点和价格目标

Analysts suggest that if buying momentum continues, ENA could retest $0.68 and potentially reach $0.70. If buying pressure fades, support may be found around $0.55.

分析师建议，如果购买势头持续，ENA可能会重新估算0.68美元，并可能达到0.70美元。如果购买压力逐渐消失，则可能会在0.55美元左右发现支持。

Crypto Seth analysis revealed that ENA price was forming a massive double bottom. The 100-day and 200-day moving averages have just been surpassed by the price, which further supports the bullish bias. Should bulls clear their way above the $0.70 mark, the subsequent resistance bands are between the $0.95 and $1.10 levels.

Crypto Seth的分析表明，ENA价格正在形成大量的双重底部。价格为100天和200天的移动平均值刚刚超过了价格，这进一步支持看涨的偏见。如果公牛将自己的方式超过$ 0.70，随后的阻力频带在0.95美元至1.10美元之间。

Final Thoughts: Will ENA Keep Climbing?

最终想法：Ena会继续攀登吗？

Ethena's ENA token is in an interesting spot. The upcoming token unlock could introduce volatility, but strong market sentiment and the growth of USDe are providing support. Whether ENA can continue its climb remains to be seen, but for now, all eyes are on how it handles this significant event. Good luck out there!

Ethena的Ena令牌是一个有趣的地方。即将到来的令牌解锁可能会引入波动，但是强烈的市场情绪和USDE的增长正在提供支持。 ENA是否可以继续攀登还有待观察，但是就目前而言，所有目光都关注它如何处理这一重要事件。祝你好运！