Ethena (ENA) surged to 0.622 USD, driven by increased liquidity, positive Buy-Sell Delta, and the resurgence of open interest – opening up prospects toward 0.68–0.70 USD.
Ethena has recorded impressive growth thanks to a strong return of cash flow and derivative market indicators, while technical analysis signals show that upward price momentum continues to remain solid in the short term.
MAIN CONTENT
ENA's price increased by more than 13%, with market liquidity and Buy-Sell Delta turning positive reflecting strong holding demand.
Open interest and the volume of derivative contracts surged, with the Long/Short Ratio remaining above 2, reinforcing the short-term bullish trend.
Technical indicators such as Stochastic RSI and Chaikin Money Flow continuously confirm the positive trend, predicting the potential to conquer the 0.68–0.70 USD mark if demand remains.
What is Ethena (ENA)?
Ethena (ENA) is a token of a prominent DeFi project, significantly influential on many major exchanges. ENA continuously attracts attention due to strong price fluctuations and high liquidity, acting as a potential asset in the Altcoin ecosystem.
Developed with the goal of providing DeFi solutions, ENA quickly established a solid position in the cryptocurrency community. ENA's standout feature is its explosive trading volume, significant interest from investors, and superior on-chain metrics, illustrated by impressive growth phases of this token's price in 2025.
Why has the price of Ethena (ENA) suddenly surged?
ENA's price has surged 13.17% in just one day, reaching 0.622 USD, after holding steady at the support area of 0.51 USD and rising amid the market recovery. The main momentum came from a 28% increase in liquidity, with trading volume skyrocketing to 1.14 billion USD, indicating strong new demand returning.
Compared to other altcoins, ENA stands out due to its growth in trading volume and the Buy-Sell Delta ratio turning positive. This reflects that investors are returning to buy, while selling pressure weakens, creating a foundation for a sustainable price uptrend.
How has Ethena's Buy-Sell Delta changed?
After a week of recording negative Buy-Sell Delta due to market adjustments, ENA reversed when buying volume reached 46.99 million USD, surpassing selling volume of 42.3 million USD in one day, thereby pushing the Delta spread to 4.63 million USD.
This phase witnesses smart money starting to actively accumulate ENA, indicating that both institutional and individual investors are building new medium-long term positions.
Coinalyze report, August 2025
This shift is considered a strong buying signal in the Spot market, often the first step of a price breakout phase. When the positive Buy-Sell Delta stabilizes, the likelihood of attracting new cash flow and FOMO increases, as seen with leading altcoins in the market previously.
What does Ethena's netflow on exchanges indicate?
On CoinGlass, ENA's Spot Netflow has recorded a continuous negative state for eight consecutive days, with the most recent being -123 thousand USD – meaning the amount of tokens withdrawn from exchanges continues to far exceed the amount deposited.
The outflow of ENA from exchanges often accompanies investor sentiment wanting to hold long-term rather than being ready to sell, which is a premise leading to prolonged price uptrends.
According to CoinGlass Spot Netflow data, 8/2025
Capital outflows from exchanges indicate confidence in a rising price trend. Market studies have shown that a series of negative netflows reflect positive accumulation from holders, often signaling the start of subsequent strong growth.
What is the Futures market trend of Ethena?
ENA's derivatives segment has recorded breakthrough signals, with open interest surging 17.47% to 1.14 billion USD, while derivatives volume skyrocketed 46.24% to 3.5 billion USD – indicating that investors are heavily pouring capital into Futures positions.
The simultaneous increase in open interest and derivative contract volume reflects expectations of rising prices and acceptance of high risk. This is a sign that the market is active under competitive pressure among traders following the bullish trend (Long).
What does ENA's Long/Short Ratio indicate?
The Long/Short Ratio across the ENA market reached 1.0008 in 24 hours. Specifically on Binance, this number even spiked – 1.95 on regular accounts and 2.09 among top traders, confirming that most traders are placing their trust in buying orders.
"A Long/Short Ratio above 2 on Binance reflects speculative cash flow leaning heavily towards the short-term price uptrend of ENA."
CoinGlass report, 8/2025
This is an extremely optimistic indicator compared to the general level of other altcoins at the same time. The investor community believes that when the Long/Short Ratio exceeds 2, it is a signal that the market expects a strong breakout in upcoming sessions.
Which technical indicators of Ethena confirm which trend?
ENA's Stochastic RSI surged from 5 to 18 after the price increase crossover signal – one of the signs of strong upward momentum being reinforced again on the short time frame.
"When the Stochastic RSI crosses into a strong upward area along with the Chaikin Money Flow remaining positive for several sessions, it is an ideal indicator for the price uptrend of large liquidity altcoins like ENA."
Excerpt from TradingView report, 8/2025
At the same time, the Chaikin Money Flow indicator reversed to the positive zone, remaining stable for the last 48 hours, further reinforcing the confirmation of active buying by large cash flows. Consensus indicators signal that the market still has room to rise if positive sentiment does not change.
What will Ethena's price outlook be in the short term?
If buying power continues to be maintained, ENA may re-establish the 0.68 USD area and aim for 0.70 USD – corresponding to the nearest resistance points. Conversely, if demand weakens, the support level of 0.55 USD will become the new equilibrium area.
According to technical analysis of altcoins in the same segment, when indicators such as RSI, CMF, and Buy-Sell Delta all trend upward, the likelihood of continued recovery is very high. Of course, the market is still influenced by cash flow and global fluctuations.
"The support level near 0.55 USD will be the last line of defense if the market reverses, while the current buying power creates a springboard for ENA to break through the next resistance level."
TradingView analyst, 8/2025
Comparing ENA with other strong growth altcoins in August 2025
Altcoin Name Price Increase (%) Trading Volume (USD/day) Open Interest (USD) Long/Short Ratio Spot Netflow (USD) Ethena (ENA) +13.17 1.14 billion 1.14 billion 2.09 (on Binance) -123K Altcoin A +8.90 800 million 900 million 1.5 -50K Altcoin B +10.3 610 million 1 billion 1.23 -70K
The illustration shows that ENA leads in both price growth and liquidity indicators, open interest, and negative netflow – emphasizing ENA's current attractiveness compared to other representative altcoins.
What factors should investors pay attention to when trading ENA at this stage?
Although the current recovery signals are very positive, investors still need to pay attention to unexpected fluctuations, speculative cash flow rates, and macro market variables. Major liquidation events, FOMO, or capital flow reversals can create strong correction waves in the sessions.
Practical experience shows that when the Long/Short Ratio spikes, the possibility of a short squeeze or risk-off return is something investors cannot ignore. Utilizing risk management and flexibly adjusting positions is key in a volatile environment like the current one.
Evaluating ENA's prospects from experts and macro indicators
According to reputable market analysts, ENA converges many favorable factors regarding liquidity, cash flow sentiment, and institutional buying power, but is still affected by the general movements of the global altcoin market. The prospect of reaching 0.68–0.70 USD is entirely feasible if speculative indicators maintain high levels, along with stability from the macro environment.
"ENA is emerging as a model altcoin leading the recovery phase, resonating with capital inflow and technical indicators confirming short-term uptrends."
Overview report AMBCrypto, August 2025
Effective trading strategies for ENA at this time
With the current growth momentum, suitable strategies are to wait for the price to retest the 0.55–0.56 USD area to optimize accumulation buying points, or take advantage of the uptrend to gradually consider profit-taking around the 0.68–0.70 USD mark, combined with trailing stop to protect results.
Experienced traders often monitor the Long/Short Ratio, Spot Netflow, and open interest fluctuations to adjust positions timely, avoiding sudden reversal phenomena. Risk management strategies have become more important than ever in the current volatility context.
What signals warn of ENA's potential adjustment?
Signals to watch include: Abrupt drop in Spot Volume, Buy-Sell Delta leaning negative, rapid decline in Long/Short Ratio, or Spot Netflow turning positive (significant influx of tokens into exchanges), all of which are warnings that capital flow may soon reverse.
In particular, if major altcoins adjust and cash flows withdraw from the hot growth group, ENA may face profit-taking pressure alongside strong short-term fluctuations. Closely monitoring volume fluctuations, open interest, and momentum indicators remains a top criterion for investors.
Macroeconomic factors affecting short-term ENA price trends
Global interest rate fluctuations, traditional financial market sentiment, and major countries' cryptocurrency management policies can all create sudden adjustments in the market. ENA investors should combine macro news monitoring while managing risks to optimize trading effectiveness in a highly uncertain environment.
Frequently asked questions
1. What is ENA and why has it increased sharply recently?
ENA is a standout token in the DeFi ecosystem, increasing strongly due to abundant liquidity, positive Buy-Sell Delta, and speculative capital flowing into derivative contracts. Source: AMBCrypto report, 8/2025.
2. What does positive Buy-Sell Delta signal for ENA?
Positive Buy-Sell Delta signals confirm increased buying cash flow, strong accumulation sentiment, reflecting expectations that prices may continue to rise in the short term.
3. When ENA's Long/Short Ratio rises above 2, what does it mean?
When this ratio exceeds 2, most of the market expects ENA to rise sharply, but there is also a risk of sudden adjustment if a sudden reversal occurs.
4. Is continuous negative Spot Netflow a positive or negative sign?
Negative Spot Netflow reflects holders withdrawing coins from exchanges – an indication of long-term accumulation by holders, a precursor to prolonged bullish waves.
5. What price level is considered a key support for ENA?
The threshold of 0.55 USD plays an important support role at present; if this level is breached, ENA may enter a clearer adjustment phase.
6. What factors should be considered when investing in ENA right now?
Volume fluctuations, macroeconomic events, investment risk management, and speculative cash flow fluctuations are all factors that ENA investors need to closely monitor.
7. Which technical indicators are confirming ENA's uptrend?
The rising Stochastic RSI and the positive Chaikin Money Flow are two important indicators confirming the continued sustainable upward momentum.
Source: https://tintucbitcoin.com/ena-co-the-dat-068-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to always stay updated on the latest news about the cryptocurrency market and not miss any important information!
