Ethena (ENA) is currently trading at $0.242703, reflecting a 24-hour decline of 2.28%. The price remains near the lower end of its daily range, with a high of $0.251849 and a low of $0.241889, indicating limited volatility.

Trading volume stands at approximately 116.45 million, representing 6.24% of the market cap, suggesting moderate liquidity. However, the negative price trend over the last week (-7.22%) and the 14-day period (-16.48%) indicates bearish sentiment among investors.

Technical indicators reveal that short-term moving averages (8 SMA at $0.2456, 13 SMA at $0.2462, and 21 SMA at $0.2472) are all showing downward trends, signaling continued selling pressure. Notably, the 55 SMA at $0.2529 and the 144 SMA at $0.2623 also reflect significant declines, with the latter indicating a more extended bearish trend.

The 1-hour RSI of 28 suggests that ENA is in an oversold condition, which might attract buyers in the short term. However, the 7-day RSI of 43 indicates that the asset is still weak, and further downward movement is possible if current trends continue.

Given the substantial decrease in price over various time frames and the bearish technical indicators, the market sentiment appears to be leaning towards continued selling. The asset is well below its all-time high of $1.52, indicating a considerable loss of value and investor confidence since April 2024.

In conclusion, the overall data suggests that Ethena (ENA) is facing significant downward pressure with bearish sentiment persisting. Therefore, the rating is a Sell, as the current market conditions and technical indicators do not support a bullish outlook in the near term.