Can you buy before the interest rate cut $ENA ? Key signals look here!
After the implementation of the GENIUS Act, ENA took the opportunity to launch compliant products USDtb, and the US shell company TLGY raised 360 million for ENA's daily buyback, indirectly opening up traditional financing channels.
The correlation between ENA price and ETH exceeds 80%. Last week, when Ethereum pulled up altcoins, ENA became the preferred choice for capital overflow, with an increase greater than competitors like LDO. Whales have increased their holdings by over 30%, and foreign exchange reserves have not significantly increased, indicating that large funds remain optimistic.
Although short-term adjustments have been dragged down by the overall market, the old ghost has shorted with fans, and remains firmly optimistic in the long run, as the time to close shorts and position for longs approaches.
From a technical perspective, 0.62 is a defensive area for the bull market. If it breaks 0.65, the upper space will open up to 0.76-0.93.
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