LIVEThe recent pump in ENA appears to be a strategic move to attract investors, only to trap them later. Currently, the coin is likely to decrease in value from 0.65 to 0.59. There are two primary scenarios to consider moving forward:
🤔 If Ethereum's ETF is approved, we could see a significant increase in the coin's price, potentially reaching between 1.00 and 1.22. This approval would likely instill confidence in the market, driving prices higher.
🤔 On the other hand, if the ETF is rejected, be prepared for the coin to hit a new all-time low (ATL), which is expected to be around 0.30. Such a rejection would likely result in a loss of investor confidence and a subsequent drop in price.
It's important to note that this coin seems to be more advantageous for sellers rather than buyers. Given these potential outcomes, it’s wise to be cautious and not be surprised by the fluctuations predicted in this analysis.