尽管交易量飙升了85％，但Ethena Labs [ENA]下降了约7.60％

一条鲸鱼以平均价格为0.404美元购买了1547.3万ENA。放弃后，他们将剩余的1,216万ENA存入了442万美元的奖金，为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.

尽管交易量增加了85％，但在过去24小时内，Ethena [Ena]的价格下跌了约7.60％。可以将AltCoin设置为在任一方向上的重大移动。

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

但是，随着鲸鱼的活动呈现出ENA的方向困境，可能还为时过早吗？

ENA whale loses 13% in three months of trading

ENA Whale在交易三个月内失去了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.

一条鲸鱼以平均价格为0.404美元购买了1547.3万ENA。放弃后，他们将剩余的1,216万ENA存入了442万美元的奖金，为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.

这标志着三个月的ENA贸易的结束，导致损失81.7万美元，约为13.1％。鲸鱼总共售出了1566万ENA，价值543万美元。

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.

另一条鲸鱼将1,010万美元的货币存入了超流动液中，在ENA，PEPE和附近占据了长时间的职位，在此过程中产生了40万美元的成本。

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

随着价格范围的收紧，买家介入，暗示市场可能正在为集会做准备。

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，尽管价格仍在向下渠道上方，但ENA的投降似乎是由销售压力驱动的。这引发了有关时间安排的问题 - 鲸鱼移动太早了吗？

Will history repeat as USDe supply surges?

历史会随​​着USDE供应激报而重复吗？

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的价格为0.3531美元，截至发稿时，其上边界略高于其上边界，这表明它可能很快就会从持久的降落频道反弹。

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

5月初的激增将价格提高到了0.40美元以上，它退缩了一点。

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的价值高于频道线，则可能会提高到0.50美元，而$ 0.8019作为更大的目标。如果ENA低于$ 0.35，它可能会逆转并恢复到低于$ 0.28的较低水平。

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线和信号线在0.0151时相交，而直方图保持平坦，这表明了中性动量。

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

当市场不确定性很高时，可能会发生重大的价格转移 - 购买者将控制或卖方再次支撑。

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

降渠道的上边界充当关键支持水平，但是直到价格动作确认崩溃之前，该水平保持完整。

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.

价格高于0.35美元的价格可能会表示强度，但下降到它以下可能会触发新的抛售。在撰写本文时，目前尚不清楚ENA的位置是否会吸引还是进一步削弱。

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

同时，Ethena的Stablecoin，USDE在过去一周的供应量增加了3亿美元，随着资金率提高。

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

这反映了从2024年10月开始的类似事件，当时USDE从0.25美元飞涨到创纪录的1.25美元。

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

现在情况相似，许多人确信ENA的另一个大胆的举动已经开始。

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.

如果历史告诉我们的是正确的，这将是Ethena Labs的重大进步的开始，因此这可以吸引希望获得丰厚利润的投资者。