Ethena ($ENA) Crypto Forecast: Down 9.5% Today

What is Ethena?

Asset Ethena (ENA) is a cryptocurrency token that is part of the broader decentralized finance (DeFi) sector. It aims to provide users with a synthetic Dollar token for various financial activities within the blockchain ecosystem.

Why is Ethena going down?

ENA crypto is down 9.5% on Oct 31, 2025 3:36

• ENA experienced a bearish movement today, following a broader market sell-off affecting cryptocurrencies like Pump.fun and Virtuals Protocol.
• The decline in ENA's price could be attributed to the overall market sentiment, with investors selling off their positions amid concerns about the DeFi total value locked (TVL) and open interest.
• The decrease in on-chain and retail demand for ENA may have contributed to the negative price trend, indicating a potential further downside if the sentiment does not improve.
• The market movement of ENA reflects the volatility and interconnected nature of the cryptocurrency space, where external factors can influence individual token prices.

ENA Price Chart

ENA Technical Analysis

ENA News

Pump.fun, Virtuals Protocol, and Ethena log double-digit losses amid market-wide sell-off

Pump.fun (PUMP), Virtuals Protocol (VRITUAL), and Ethena (ENA) are leading the decline as the broader cryptocurrency market faces a sell-off wave.

https://www.fxstreet.com/cryptocurrencies/news/pumpfun-virtuals-protocol-and-ethena-log-double-digit-losses-amid-market-wide-sell-off-202510310256

Ethena Price Forecast: ENA flips bearish as DeFi TVL, Open Interest decline

Ethena (ENA) is down nearly 2% at press time on Tuesday, extending this week's loss to almost 5%. A decline in both on-chain and retail demand could result in further losses for the synthetic Dollar token.

https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-ena-flips-bearish-as-defi-tvl-open-interest-decline-202510280922

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Ethena Price History

28.09.2025 - ENA Crypto was down 5.3%

• The decline in ENA's value is likely linked to the overall decrease in DeFi Total Value Locked (TVL) and Open Interest, which points to waning interest and activity in the DeFi sector.
• With ENA's price falling by 2% today and experiencing a 5% loss for the week, it indicates a limited demand both on-chain and through retail, hinting at possible further declines for the token.
• The less optimistic outlook for ENA may be influenced by the general market conditions affecting the broader cryptocurrency industry, resulting in heightened selling pressure on the token.

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.

09.09.2025 - ENA Crypto was down 5.1%

• The bearish movement of ENA can be linked to traders taking profits following a sizable gain of nearly 6%.
• Initial enthusiasm and buying pressure may have arisen from a wedge breakout, leading to the previous day's price surge.
• However, as the price retracted from its peak and failed to sustain momentum above $0.5500, investors may have opted to sell, resulting in the downward movement.
• Market sentiment regarding ENA is still swayed by retail activity and technical trends, suggesting that future price changes could remain unpredictable.

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.

14.09.2025 - ENA Crypto was up 10.6%

• ENA's bullish movement can be attributed to renewed retail interest in the cryptocurrency, as indicated by a wedge breakout in the price forecast analysis.
• The rebound of Ethena and other top performers like Story and Bittensor could be influenced by the onshoring of the USDtb stablecoin and investments from a prominent fund, signaling increased confidence in the market.
• The resistance levels identified by industry sources could be key indicators for future price movements, suggesting that investors are closely monitoring these levels for potential breakout opportunities.
• Overall, the positive sentiment surrounding ENA and other cryptocurrencies in the market recovery phase indicates a growing optimism among investors, driving the bullish movement of ENA.

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.

31.09.2025 - ENA Crypto was down 9.5%

• ENA experienced a bearish movement today, following a broader market sell-off affecting cryptocurrencies like Pump.fun and Virtuals Protocol.
• The decline in ENA's price could be attributed to the overall market sentiment, with investors selling off their positions amid concerns about the DeFi total value locked (TVL) and open interest.
• The decrease in on-chain and retail demand for ENA may have contributed to the negative price trend, indicating a potential further downside if the sentiment does not improve.
• The market movement of ENA reflects the volatility and interconnected nature of the cryptocurrency space, where external factors can influence individual token prices.

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.

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.

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.