Some on-chain indicators suggest ENA may face a short-term downtrend, although whales and long-term investors continue to accumulate strongly.
ENA's price is at risk of dropping another 6% in the coming days; however, the buying momentum from large investors along with the liquidity signals in the market could provide long-term upward potential.
MAIN CONTENT
Whales have bought 32 million ENA within 24 hours, indicating that strong accumulation is still ongoing.
ENA's short-term price trend may drop another 6%, but long-term technical signals and capital flows into altcoins remain positive.
Liquidity data and trading positions indicate that the risk of short-term adjustment is still high, although the overall long-term trend remains optimistic.
What is ENA?
ENA is a highly regarded cryptocurrency asset in the market, often in the sights of large investors and complex technical analysis.
ENA attracts attention through metrics, price action, and whale activities, highlighting its important role in the altcoin market. Many investors view it as a potential asset due to its strong volatility and accumulation opportunities.
Large individuals and institutional investors like whales continue to monitor ENA's developments to seize trading opportunities, especially as on-chain indicators and capital flows into the altcoin market show significant volatility.
Why do on-chain indicators suggest a short-term downtrend?
Recent on-chain indicators show increased short-term selling pressure, as the amount of betting on short positions rises sharply, alongside the risk of ENA's price dropping another 6% in the coming days.
On-chain statistics from CoinGlass indicate that over $24 million in ENA has left exchanges in the past 48 hours, signaling that major investors are accumulating while many short positions emerge. This move often indicates a defensive mindset ahead of potential price drops.
ENA's trading volume also decreased sharply by 75% in just 24 hours, showing caution and lower participation from short-term investors amid significant volatility.
How are crypto whales buying ENA?
Whales are investors holding large amounts of ENA, reported to have bought an additional 32 million ENA within 24 hours based on data from Santiment. This is viewed as a clear accumulation move ahead of the current price volatility.
Addresses holding between 1 million to 10 million ENA continue to accumulate, showing long-term confidence in the growth prospects of this asset despite the currently negative short-term trend. Increased whale holdings often provide psychological support for the overall market.
"The continuous buying by whales during corrections is a positive signal of long-term confidence, strongly supporting ENA's recovery trend."
– Santiment report, July 12, 2025
The amount of ENA leaving large exchanges also means a decrease in circulating supply, helping to mitigate sudden selling pressure in the market.
How is the ENA market undergoing short-term adjustments?
ENA's price action decreased by 5.35% in the past 24 hours, currently trading around $0.70, while trading volume has dropped significantly and many consecutive red candles have appeared on the four-hour chart.
Technical data from TradingView indicates that ENA's price is at risk of retreating to lower support zones, with a likelihood of further deep adjustment of 6% in the coming days before profits return to long-term holders.
Nevertheless, since July 2025, ENA has still been protected by an upward trendline. This support area has previously triggered strong recoveries, reinforcing expectations that it will continue to be a solid buying zone in the time ahead.
Are the long-term signals still positive for ENA?
Despite short-term adjustment risks, internal capital flow factors still lean towards a positive trend due to the capital shift from Bitcoin to Ethereum, which is typically viewed as a growth signal for the altcoin phase (altseason).
According to historical observations, whenever ETH/BTC rises, capital flows will spread to altcoins like ENA, creating opportunities for this asset to surge stronger than the overall market. If this trend continues, ENA could be among the coins that benefit significantly.
"The movement of capital from Bitcoin to Ethereum is a signal of altcoin season, helping many smaller assets stand out, with the potential to break out in the new cycle."
– Cointelegraph Research Report, June 2025
Combined with signals from the Supertrend indicator, it is currently still maintaining a green below the price, assuming the main trend of ENA has not reversed and long-term buying power is still clearly present in the market.
What does liquidity data say about current risks and potentials?
In the short term, CoinGlass records large liquidity levels of ENA concentrated at $0.689 and $0.728. These are the areas where investors open the largest leveraged positions, corresponding to a total value of over $6.91 million for long positions and $11.94 million for short positions.
This distribution shows that investors are choosing a quite strong contrarian betting direction, leading to a tug-of-war and significant risk for those using high leverage, especially at a time when the market is experiencing strong volatility.
Combining the surge in short positions and the whale buying activity, the ENA market currently harbors both the risk of short-term adjustment and the potential for strong recovery if the important support is maintained.
What is the difference between ENA's short-term and long-term trends?
In the short term, strong selling pressure is causing ENA's trend to shift to a decline, especially as small investors increase their short positions to hedge against price risks.
However, in the medium and long term, the stable accumulation activity of whales and the shifting capital towards altcoins indicate that the market still has high expectations for ENA's recovery potential in upcoming cycles, especially when the major technical support area has not been breached.
The coordination between on-chain factors, price action, and the attention of large investors creates a foundation for ENA to move towards a new growth cycle as general market signals return to a positive state.
Frequently Asked Questions
Is ENA suitable for short-term investment?
The risk of short-term adjustment is quite high as the market leans towards a downtrend; investors should be cautious and consider applying strict risk management.
What does the accumulation of ENA by whales mean?
The whale buying activity reflects long-term confidence in ENA's price growth prospects, especially when combined with dominant technical indicators.
What factors could help ENA rebound strongly?
The capital flow shifting to altcoins and long-term accumulation signals from whales are key factors helping ENA recover in the new cycle.
Why has ENA's short position increased sharply?
Many investors expect ENA's price to drop further, hence increasing their short positions to protect their portfolios amid significant volatility and selling pressure.
What are the important price levels to watch for ENA?
Key liquidity levels include $0.689 (support) and $0.728 (resistance), which are crucial trading zones to closely monitor.
Source: https://tintucbitcoin.com/nha-dau-tu-lon-van-mua-ethena/
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