Zk crypto trade alert and update

$ENA



📉 ENA at Support – Is Ethena Still Alive?
ENA is hovering around key support, and traders are watching closely. With Ethena's synthetic dollar (USDe) promising yields and major backers like Binance Labs, Fidelity, and Wintermute, the project still has institutional weight. But with the current downtrend, the question remains: Is ENA set for a bounce, or is confidence fading?

📌 Current Market Stats (From CoinMarketCap):
🔹 Price: $0.4139 (-7.56%)
🔹 Market Cap: 1.29B
🔹 Trading Volume: 192.93M (High liquidity)
🔹 ATH: $1.52 (-72% from peak)

📉 Key Levels to Watch:
🟢 Support Zone: $0.40 - $0.35 → Holding here could trigger a bounce
🔴 Break Below: $0.30 → Potential deeper sell-off
🚀 Upside Target: $1.10 resistance if bulls step in

💡 Is Ethena Still Alive?

Strong Backing: Big-name investors are still involved
High TVL (6.7B) shows capital is locked in
Market sentiment is shaky, but its synthetic dollar (USDe) is gaining adoption
🔮 Verdict?
ENA looks oversold, and if support holds, a short-term reversal is possible. But if this level fails, expect further downside.

💬 What’s your take? Is this an opportunity or a trap? Let me know your thoughts below!

$ETH



Hey Binance Square Fam! 👋
Remember my ETH short bias call from 5 months ago? 🤔 Well, even with some upward movement, ETH's price action continues to align with my bearish outlook. Let's dive into why! 🕵️‍♂️
Sticking to the Trendlines 📏
Despite some pumps, ETH has remained contained within the trendlines and the bearish channel. This indicates that the primary trend is still downward. 📉 Think of it like a river – even with some ripples, the overall flow is still downstream. 🌊
Decoding the Waves 🌊
We're currently in a 3 Sub-Wave corrective channel (A, B, C). The recent bearish move is likely Wave C, which, if you remember, I've been targeting around $786. 🎯
Why $786? 🤔
This target is based on Fibonacci retracement levels, a popular tool among traders for identifying potential support and resistance. $786 represents a key level where the price could find strong support. 💪
But Remember... ⚠️
While technical analysis provides valuable insights, it's not a crystal ball. The crypto market is known for its volatility, and unexpected events can change the course. Always be prepared for surprises and manage your risk wisely. 🛡️
Here's the TL;DR 😉:
* Bearish Bias Intact: My 5-month bearish outlook on ETH remains unchanged. 📉
* Trendlines Holding: ETH's price continues to respect the established trendlines and bearish channel. 📏
* Wave C Target: The current bearish move is likely Wave C, targeting around $786. 🎯
* Risk Management is Key: Always be prepared for market volatility and manage your risk accordingly. 🛡️
Disclaimer: This is not financial advice! Always do your own research and make informed decisions. But based on current technicals, the bears still seem to have the upper hand on ETH. 🐻
Let's Discuss! 🎉
What do you think about ETH's current price action? Are you bullish, bearish, or neutral? Share your thoughts and insights in the comments below! Let's learn and grow together! 🤝
#ETH #Ethereum #BearishOutlook #TechnicalAnalysis #BinanceSquare
#CryptoTrading 🚀📉