Ethena (ENA) is currently trading at $0.235816, reflecting a 24-hour change of -2.46425%. The asset has experienced a daily range of $0.017124, with a high of $0.252278 and a low of $0.235154, indicating recent volatility and potential price resistance levels around the higher range.

Volume stands at 350,231,048, with a volume-to-market cap ratio of 18.67%, suggesting that trading activity is relatively active but not excessive. The short-term moving averages (8 SMA at $0.2406, 13 SMA at $0.2402, and 21 SMA at $0.2418) are all trending downward, indicating bearish sentiment, while the 55 SMA ($0.2304) and 144 SMA ($0.2302) show slight bullish trends, suggesting possible support around these levels.

The one-hour RSI is at 40, indicating that ENA is approaching oversold conditions in the short term. Meanwhile, the seven-day RSI at 51 suggests that the asset is in a neutral position over a longer timeframe, although the seven-day price change of -0.95% points to a recent decline in market confidence.

Looking at longer-term trends, ENA has shown a 14-day price change of 17.48% and a 30-day price change of 7.86%, suggesting that despite short-term fluctuations, there is potential for recovery. However, the significant distance from its all-time high of $1.52 indicates that ENA is currently trading at a substantial discount, which may attract long-term investors.

Given the mixed signals from moving averages and RSI readings, alongside the recent price action, a cautious approach is warranted. Therefore, the current rating for Ethena (ENA) is Hold, as traders should observe for signs of stabilization and potential upward momentum before committing further capital.