Ethena (ENA) is currently trading at $0.210572, experiencing a 24-hour decline of 2.94%. The price fluctuated between a high of $0.216942 and a low of $0.20032 over the past day, indicating a relatively narrow daily range of 0.016622%, which may reflect a consolidation phase.

The trading volume stands at approximately 248.5 million ENA, representing 15.35% of the market cap, suggesting decent liquidity. The hourly moving averages show a mixed trend, with shorter-term averages indicating upward momentum while the 55 SMA and 144 SMA indicate bearish sentiment, reflecting recent price struggles.

The 1-hour RSI is notably high at 74, suggesting that ENA may be overbought in the short term, while the 7-day RSI is at 40, indicating weakness and potential selling pressure. Additionally, the 7-day, 14-day, and 30-day price changes are all negative, with declines of 16.86%, 25.85%, and 21.16% respectively, highlighting ongoing bearish sentiment over these periods.

With the all-time high at $1.52 reached earlier this year, the current price represents a significant retracement. The combination of high short-term RSI and negative longer-term price momentum suggests a potential pullback may be imminent, especially given the proximity to the support level around $0.20032.

Considering the technical indicators and recent price action, the recommendation for Ethena (ENA) is a Sell. The current price action, coupled with the bearish momentum across multiple time frames, signals that further downside could be on the horizon, warranting a cautious approach for investors.