$ENA Ethena (ENA) has been experiencing recent upward momentum, with its price rallying and trading volume increasing significantly. The coin's price has been holding above key support levels, with technical analysis suggesting a potential push towards higher resistance points. This positive price action is attributed to renewed investor interest, a strong DeFi ecosystem, and the growing prominence of its USDe synthetic dollar, which has been gaining traction and increasing its market capitalization.

Despite the positive sentiment, it is important to note that a major token unlock is scheduled for the near future, which could introduce new volatility. While past unlocks have shown low price impact, the market's reaction to this upcoming event remains to be seen.$ENA