Ethena (ENA) is currently priced at $0.115497, reflecting a 3.84% increase over the last 24 hours. The daily price range has been relatively tight, with a high of $0.116391 and a low of $0.108475, indicating a volatility of 6.60% during this period.

Volume for ENA has reached 107,823,996, which corresponds to a market cap volume ratio of 11.34%. This suggests that while trading activity is significant, it remains within reasonable levels relative to the market capitalization, indicating a stable interest in the asset without excessive speculation.

The short-term moving averages indicate a bullish trend, particularly the 8 SMA at $0.1138 and the 13 SMA at $0.1130, both showing positive momentum. However, longer-term moving averages are mixed, with the 144 SMA at $0.1194 indicating a bearish trend over a larger time frame, which may hinder sustained upward movement.

The 1-hour RSI is at 75, signaling that ENA is currently overbought in the short term. Conversely, the 7-day RSI at 48 indicates a neutral position, while both the 14-day and 30-day price changes show significant declines of 30.31% and 47.71%, respectively, reflecting a bearish sentiment over the longer term.

Considering these factors, the current price is significantly below its all-time high of $1.52, which was reached in April 2024. The recent upward momentum could provide a short-term trading opportunity, but the broader downward trend and overbought conditions suggest caution.

In conclusion, the recommendation for Ethena (ENA) is a Hold. While short-term trading indicators are positive, the longer-term bearish trends and overbought conditions warrant a conservative approach until a clearer trend reversal is established.