Ethena (ENA) is currently priced at $0.274333, reflecting a slight decline of 0.27176% over the past 24 hours. The daily trading range has been between $0.264764 and $0.281809, indicating moderate volatility with a daily range of 0.017045%.

Trading volume stands at 280,914,562 ENA, translating to a volume-to-market cap ratio of 13.34%, which suggests active market participation. The hourly moving averages are showing mixed signals, with the 8 and 13 SMA declining while the 55 and 144 SMA are slightly positive, indicating potential support levels around $0.2674 and $0.2736.

The 1-hour RSI is at 51, suggesting that the asset is neither overbought nor oversold, while the 7-day RSI at 50 indicates stability in the price movement. Over the past week, ENA has experienced a notable increase of approximately 15.48%, but a longer 30-day period reflects a decline of 13.14%, indicating recent bullish momentum may be weakening.

Historically, ENA reached an all-time high of $1.52 on April 11, 2024, which sets a significant resistance level for future price action. With the current price well below this high, the potential for recovery exists, but sustained upward movement will require overcoming the immediate resistance and maintaining support levels.

Considering the current technical indicators and price action, the recommendation is to Hold ENA. The asset shows potential for recovery with recent positive momentum but requires caution given the mixed signals from moving averages and the longer-term downtrend.