Whale “0xb7d” exited ENA with a $817K loss, while new whales accumulated 23.93M ENA, signaling diverging strategies.
ENA trades near $0.38 with major support at $0.25 and upside targets at $0.8050, $1.0849, and $1.3595 indicating rebound potential.
Technical patterns show consolidation and accumulation signals as price volatility drops and historical support levels hold strong.
Whale activity around Ethena (ENA) has stirred market attention this week. According to Spot On Chain, address “0xb7d” unstaked and moved 12.16 million ENA—worth $4.42 million—onto Binance. This marks the closure of a 3-month position, resulting in an estimated loss of $817,000, or 13.1%. This follows earlier whale movements from February 26, when two new wallets withdrew 23.93 million ENA ($9.68 million) from Binance. Both wallets were first-time accumulators, hinting at a long-term strategic buildup.
Besides whale exits, ENA’s analysis by Rose Premium Signals shows a pivotal technical setup. The ENA/USDT pair currently trades at $0.3786, reflecting a 7.27% daily drop. The token recently fell from $0.4633 to $0.4084. Consequently, this price action places ENA near a consolidation zone, with weekly candlesticks forming a narrow range. This setup typically signals declining volatility and possible accumulation.
Key Support and Resistance Levels
There is two major cycles since May 2023. ENA surged to $1.20 before dipping sharply through August. However, the market found strong support at $0.25 in September. This formed a solid base that triggered a bullish rally, peaking around $1.40 by early 2025.
Source: Rose Premium Signals
March 2025 saw a reversal. Since then, prices have gradually declined. However, the current support at $0.25 remains critical. A “LONG HERE” notation suggests this zone could invite strong buying interest. This level also mirrors historical lows, making it a high-probability entry point.
Moreover, the data reveals three resistance targets: $0.8050, $1.0849, and $1.3595. These levels represent key profit zones for future upside moves. The first resistance alone offers a potential 113% return from current levels. Additionally, volume spikes during previous rallies support these targets.
Market Outlook and Risk Management
Current indicators suggest ENA might be entering another accumulation phase. The curved projection line implies a possible rebound from present levels. Furthermore, inconsistent trading volume shows past surges aligned with sharp price changes.
Hence, this setup provides clear trading guidance. The $0.25 support acts as a logical stop-loss, while resistance targets offer attractive risk-to-reward ratios. Traders should watch for renewed momentum, especially if accumulation continues at lower levels.
The post ENA Whales Signal Exit as Technicals Suggest Key Rebound Zone appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
