Ethena (ENA) is currently trading at $0.173955, reflecting a slight decline of 0.72535% over the last 24 hours. The daily price range indicates a relatively stable trading environment, with a high of $0.176504 and a low of $0.17259.

The trading volume stands at 60,607,737 ENA, with a volume-to-market cap ratio of 4.38%, suggesting moderate trading activity. The short-term moving averages reveal a bearish trend, with the 8 SMA at $0.1738 showing a slight uptick of 0.07%, while the 144 SMA at $0.1817 has decreased by 4.25%, indicating a weakening momentum.

The Relative Strength Index (RSI) metrics present a bearish outlook, with the 1-hour RSI at 41 and the 7-day RSI at 43, both indicating that ENA is nearing oversold conditions but not yet in a reversal zone. Additionally, ENA has experienced significant downward price changes over the past 7 days (-20.36%), 14 days (-23.40%), and 30 days (-13.05%), reflecting a persistent bearish sentiment.

Given the current price is significantly lower than the all-time high of $1.52, there is potential for recovery, but the existing momentum is weak. The confluence of declining moving averages, negative RSI readings, and recent price performance suggests that a bearish trend may persist in the short term.

In conclusion, based on the technical indicators and recent performance data, the recommendation for Ethena (ENA) is to Hold. This rating reflects the need to observe further price stabilization or signs of reversal before considering any buy positions in a market currently characterized by downward pressure.