$ETH

Revised: Bullish Outlook for ETH/ENA (June 2025 - December 2025)

The ETH/ENA pair shows strong bullish potential for the remainder of 2025, driven by:

1. Ethereum’s Strengthening Fundamentals

- ETH remains the leading smart contract platform, with growing adoption in DeFi, NFTs, and institutional investments (e.g., potential ETF approvals) .

- Upgrades like the Dencun hard fork (March 2024) improved scalability, supporting long-term demand .

2. Ethena’s (ENA) Growth Catalysts

- ENA’s synthetic dollar protocol (USDe) offers high yields (~37% APY), attracting capital inflows .

- Technical patterns like the "cup-and-handle" formation suggest a breakout toward $0.80–$1.39 by late 2025 if resistance at $0.4415 is breached .

3. Market Sentiment & Technicals

- Short-term volatility persists, but 50-day SMA ($0.351) and RSI (50.47) indicate neutral-to-bullish momentum .

- Whale activity and futures open interest hint at accumulation phases .

4. Macro Tailwinds

- Potential Fed rate cuts in late 2025 could boost crypto liquidity, benefiting ETH/ENA .

5. Price Targets

- Conservative $0.50–$0.80 (50–100% upside) by December 2025 .

- Bullish $1.00–$1.39 if ETH rallies and ENA captures market share .

Risks: Watch for resistance at $0.35–$0.44 and token unlock sell pressure ($50M in June 2025) .