Ethena (ENA) is currently trading at $0.111374, reflecting a slight decline of 0.16523% over the past 24 hours. The daily trading range has been between $0.106936 and $0.112995, indicating a relatively stable price environment with a low volatility of 0.006059%.

The volume of 115,022,971 ENA suggests robust trading activity, resulting in a volume-to-market cap ratio of 12.57%. Short-term moving averages are showing mixed signals; while the 8 SMA and 13 SMA indicate a positive trend, the 55 SMA reflects bearish sentiment with a decrease of 0.52%.

The 1-hour RSI stands at 53, suggesting neutral momentum, while the 7-day RSI is lower at 41, indicating that ENA may be nearing oversold conditions. Price changes over the past week, two weeks, and month are all negative, with significant declines of approximately 8%, 13%, and 38%, respectively.

The all-time high of $1.52, achieved on April 11, 2024, represents a substantial distance from the current price, indicating that ENA has considerable upside potential if it can regain bullish momentum. However, the recent trends and price action suggest that the asset is still facing downward pressure, particularly over longer time frames.

Considering the mixed technical indicators and the significant decline in price over the past month, a cautious approach is warranted. Therefore, I rate Ethena (ENA) as a Hold, as it may be wise to observe further market developments before making a commitment to buy or sell.