Ethena (ENA) is currently priced at $0.178437, reflecting a modest 1.84% increase over the past 24 hours. The trading range within this period has been relatively tight, with a high of $0.179779 and a low of $0.172865, indicating a daily range of only 0.006914%.

Volume stands at 125,564,541, translating to a volume-to-market cap ratio of 8.84%, which suggests decent trading activity relative to its market capitalization. Short-term moving averages indicate a slight bullish trend, particularly the 8 SMA at $0.1781 (+0.20%) and 13 SMA at $0.1771 (+0.73%), while the longer-term 144 SMA at $0.1925 shows a notable bearish divergence of -7.29%.

The 1-hour RSI is at 68, nearing overbought territory, while the 7-day RSI is at 38, indicating a potential oversold condition in the longer term. Price performance over the past week, 14 days, and 30 days has shown declines of -16.98%, -23.36%, and -11.16% respectively, reflecting a sustained bearish trend.

Ethena's all-time high of $1.52 was reached on April 11, 2024, suggesting significant room for recovery, but current price levels remain substantially below this peak. Given the mixed signals from short-term bullish momentum versus longer-term bearish trends, a cautious approach is warranted.

In conclusion, while the recent uptick in price is encouraging, the overall negative momentum and longer-term RSI readings suggest caution. Therefore, the recommendation for Ethena (ENA) is to Hold, allowing for potential upside while monitoring market conditions closely.