Ethena encounters resistance at $0.378:
Is THIS group able to promote a recovery?
In the last day, there has been a huge sell-off driven by whales, or big investors. With sales of almost 2.65 million ENA, or about $977,000, this group of merchants made a substantial contribution to the recent volume of ENA.
The asset's price may drop even further if the price rises toward this level. The derivatives market, which has rising sell volume, reflects this attitude.