Ethena (ENA) is currently priced at $0.140406, reflecting a 24-hour change of 1.19%. The daily trading range is narrow, fluctuating between a low of $0.131108 and a high of $0.142753, indicating limited volatility in the short term.

Volume stands at 169,636,151, contributing to a volume-to-market cap ratio of 15.19%. This suggests a reasonable level of trading activity relative to its market capitalization, although it is important to note the substantial drop in the 7-day and 14-day price changes, which are -19.08% and -23.33%, respectively.

Technical indicators reveal mixed signals; the 1-hour RSI is neutral at 50, while the 7-day RSI is lower at 43, indicating potential oversold conditions. The hourly moving averages show a slight bullish bias in the short term, with the 8 SMA and 13 SMA both trending positively, although the 144 SMA indicates a bearish sentiment over a longer timeframe.

Despite the recent uptick in price, the 30-day price change is a significant -41.60%, reflecting a strong bearish trend over the last month. The all-time high for ENA stands at $1.52, achieved in April 2024, which serves as a critical resistance level that the asset must reclaim to establish a bullish outlook.

Considering the technical indicators, recent price action, and the ongoing downtrend, the current market sentiment for ENA leans bearish. Therefore, the recommendation is to Hold, as there may be potential for a short-term rebound, but a clear trend reversal will require further bullish momentum and a break above the $0.1449 level indicated by the 144 SMA.