Ethena ($ENA) Crypto Forecast: Down 5.3% Today

What is Ethena?

ENA is a cryptocurrency token that has been experiencing a bearish market movement today.

Why is Ethena going down?

ENA crypto is down 5.3% on Sep 19, 2025 9:45

• Despite the bullish reversal possibility hinted by the OKX listing announcement, ENA continued its downward trend for the fifth consecutive day, suggesting that market sentiment may not have been influenced by this event.
• Arthur Hayes' significant increase in ENA holdings to over 5 million tokens did not appear to have a positive impact on the token's price, as it steadied above $0.780 but still faced a bearish movement.
• The market may be reacting more strongly to broader market trends or external factors rather than individual token-specific news, leading to the continued downward pressure on ENA despite potentially positive developments.

ENA Price Chart

ENA Technical Analysis

ENA News

Ethena Price Forecast: ENA teases bullish reversal amid OKX listing

Ethena (ENA) price trades below the $0.7000 level at press time on Wednesday, extending the downfall for the fifth consecutive day. Still, the derivative and technical outlook present a bullish reversal possibility amid OKX’s announcement of ENA listing on Wednesday.

https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-ena-teases-bullish-reversal-amid-okx-listing-202509170500

Ethena Price Forecast: ENA steadies as Arthur Hayes boosts holdings to over 5 million tokens

Ethena (ENA) price holds above $0.780 at the time of writing on Thursday, having rallied more than 6% so far this week. BitMEX co-founder Arthur Hayes expanded his ENA position by 578,956 tokens, bringing his total holdings above 5 million.

https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-ena-steadies-as-arthur-hayes-boosts-holdings-to-over-5-million-tokens-202509110918

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Ethena Price History

31.07.2025 - ENA Crypto was up 5.7%

• The bullish movement of ENA today is believed to be influenced by positive market sentiment and growing investor interest in the cryptocurrency.
• Despite the broader market experiencing liquidations and losses, ENA has shown resilience and notable strength, indicating potential robust buying activity.
• The anticipation surrounding the upcoming $4.7 billion token unlocks scheduled for September seems to have energized investors, leading to heightened demand specifically for ENA.
• ENA's performance, outshining other altcoins undergoing corrections, hints at unique value propositions or a loyal investor base driving its price momentum.

16.07.2025 - ENA Crypto was up 5.3%

• The surge in ENA's value is likely influenced by heightened buying interest from well-known individuals such as Arthur Hayes, showcasing confidence in the token's potential.
• Anticipation surrounding the ongoing altcoin season, combined with Ethereum's upward trend, has created a favorable market landscape for tokens like ENA to excel.
• Investor sentiment towards ENA appears optimistic, with many expecting further growth, evident in its performance alongside top performers like Lido DAO and Pendle.

15.08.2025 - ENA Crypto was down 5.2%

• ENA experienced a bearish movement despite a prominent figure increasing his holdings to over 5 million tokens.
• The market may have reacted negatively to other external factors or events not disclosed, leading to the bearish movement.
• It is possible that profit-taking by other investors contributed to the downward pressure on ENA's price.
• Traders might be cautious due to overall market volatility in the cryptocurrency space, impacting ENA's price negatively despite positive developments.

19.08.2025 - ENA Crypto was down 5.3%

• Despite the bullish reversal possibility hinted by the OKX listing announcement, ENA continued its downward trend for the fifth consecutive day, suggesting that market sentiment may not have been influenced by this event.
• Arthur Hayes' significant increase in ENA holdings to over 5 million tokens did not appear to have a positive impact on the token's price, as it steadied above $0.780 but still faced a bearish movement.
• The market may be reacting more strongly to broader market trends or external factors rather than individual token-specific news, leading to the continued downward pressure on ENA despite potentially positive developments.

29.06.2025 - ENA Crypto was down 11.0%

• The bearish movement in ENA today could be attributed to the funding rates and open interest slump, indicating a lack of bullish momentum.
• Despite the previous bullish rally and positive news such as partnerships and new developments, the market sentiment seems to have shifted, leading to the 15% drop in ENA's price.
• Investors might be taking profits after the recent gains, causing a temporary pullback in ENA's price.
• It is essential to monitor the market conditions closely to gauge whether this bearish movement is a short-term correction or a more prolonged trend reversal.

11.07.2025 - ENA Crypto was up 11.4%

• ENA's bullish movement is a result of the optimistic sentiment prevailing in the cryptocurrency market as altcoin season approaches.
• The surge in Open Interest for ENA is indicating a resurgence in investor confidence and the possibility of further price increases.
• The substantial recovery in ENA's price is also underpinned by the robust DeFi ecosystem and continuous retail demand, emphasizing the token's solid fundamentals.
• The performance of ENA, as well as other high-performing tokens like Lido DAO and Pendle, demonstrates a broader pattern of investors broadening their portfolios beyond Bitcoin and Ethereum in anticipation of a potential altcoin rally.

08.07.2025 - ENA Crypto was up 5.4%

• ENA showed significant upward momentum today, trading at higher levels and displaying a short-term bullish pattern.
• The rise in Open Interest and a rebound in the DeFi sector were key factors behind ENA's positive performance.
• Strong retail interest and the overall market recovery also contributed to the increase in ENA's value.
• ENA's bullish trend was reinforced by its outperformance compared to the broader cryptocurrency market, along with indicating a bullish reversal like other top performers such as Conflux and Stellar.

04.07.2025 - ENA Crypto was up 7.2%

• ENA experienced a strong bullish movement today, surpassing the broader cryptocurrency market performance.
• The rise in ENA's value and significant gains are linked to the DeFi sector's overall recovery and consistent retail interest.
• The transfer of capital from Bitcoin to various altcoins, including ENA, played a role in driving its price surge.
• Despite a recent decrease of 15%, ENA's ability to hold firm and stabilize near a six-month peak suggests the potential for continued growth, underpinned by positive market sentiment and a bullish uptrend.

31.06.2025 - ENA Crypto was up 13.3%

• ENA's uptrend is linked to its recent collaboration with Anchorage Digital to introduce the USDtb stablecoin through the GENIUS framework, potentially increasing investor confidence in ENA's growth prospects.
• The acquisition of 2 million ENA tokens by Arthur Hayes may have further bolstered the positive momentum by showcasing support from a well-known figure in the cryptocurrency industry.
• Additionally, ENA's steady price appreciation and reaching a nearly six-month peak have garnered more interest from investors, leading to heightened buying activity and driving up the token's price.
• The optimistic market sentiment towards alternative cryptocurrencies, as evidenced by gains in tokens such as Pump.fun and Sonic, has created a conducive atmosphere for ENA to thrive and draw in more investors looking beyond conventional digital assets like Bitcoin and Ethereum.

05.07.2025 - ENA Crypto was down 5.0%

• ENA had a strong bearish movement due to a 15% drop below its recent peak of $0.70, reflecting a slump in funding rates and open interest.
• Despite the broader market gains in the cryptocurrency space, ENA's decline indicates specific challenges within its ecosystem.
• The bearish movement of ENA could also be influenced by a capital shift from Bitcoin to other altcoins, as mentioned in updates about altcoins gaining traction.
• The steady demand for DeFi tokens may have supported ENA's price in the past, but the recent drop suggests a shift in investor sentiment or market conditions impacting the token negatively.

25.07.2025 - ENA Crypto was down 6.2%

• ENA, along with other altcoins like Lido and Pump.fun, showed losses in the cryptocurrency market, with liquidations surpassing $650M.
• The selling pressure on ENA indicates that investors are taking profits or cutting losses in response to market uncertainty.
• The prevailing bearish sentiment in the cryptocurrency market may be influenced by factors like regulatory worries, profit-taking following recent gains, or a wider market correction.
• Traders are advised to monitor market developments closely and establish robust risk management strategies to navigate volatility in the cryptocurrency space.

01.07.2025 - ENA Crypto was down 5.2%

• ENA experienced a significant drop of 15% below its recent peak of $0.70 in today's trading session.
• Factors such as funding rates and open interest decline may have played a role in the price decline of ENA.
• Despite the recent decline, ENA had shown bullish momentum reaching a near six-month high, suggesting the possibility of further price increases.
• The overall market trend of altcoins gaining popularity, especially after a shift in investment from Bitcoin to other cryptocurrencies, could have also impacted the movement of ENA.