Ethena (ENA) is currently trading at $0.310997, reflecting a 24-hour decline of 3.87%. The price has oscillated between a high of $0.333266 and a low of $0.306365 in the last 24 hours, indicating a daily range of 0.026901%.

The trading volume over the past 24 hours is 290,298,535, corresponding to a volume-to-market cap ratio of 12.57%. This relatively high volume suggests active trading interest, although the negative price movement indicates selling pressure.

The hourly moving averages show a bearish trend, with the 8 SMA at $0.3181 down by 2.23%, and the 55 SMA significantly lower at $0.3319 down by 6.30%. This indicates short-term weakness as the price remains below key moving averages, further corroborated by the 1-hour RSI at 49, which suggests the asset is neither overbought nor oversold.

Over the past week, ENA has seen a price decline of approximately 8.13%, and the 14-day and 30-day changes show more significant drops of 30.76% and 27.75%, respectively. The RSI for the past seven days is at 50, reinforcing a neutral stance but indicating potential downside momentum given the broader trend.

The all-time high for ENA stands at $1.52, achieved on April 11, 2024, indicating a significant downside from the current price level. Given the recent bearish indicators, declining RSI values, and the fact that the price is trading below key moving averages, it is advisable to exercise caution.

In conclusion, the current technical and fundamental indicators suggest a bearish outlook for Ethena (ENA) in the near term. Therefore, I assign a Sell rating, as the market conditions and price action do not support a bullish reversal at this time.