It is important to mention that the European Union's actions against the Tether Stablecoin may help the growth of USDE (USD Ethena), as its collateral is outside the banking system. 🚀

$ENA Here’s a detailed analysis for $ENA, based on the short liquidation data you provided. Keep in mind, this is not financial advice always do your own research before trading.

Market Analysis for $ENA.

Recent Update.
Short positions worth $1,381K were liquidated at the price of $0.9032, which means the price pushed up, causing short sellers to close their positions.

What It Means.
This indicates bullish momentum as buyers were strong enough to force a price surge.

Potential Buy Zone.

Based on current trends and support levels.

Buy Zone: $0.8800 - $0.9200
This zone is ideal for entering, as it aligns with strong support levels near $0.9032.

Target Levels.

Set your profit targets gradually to minimize risk.

1. Target 1: $0.9500

2. Target 2: $1.0000

3. Target 3: $1.0500

Stop Loss

Always use a stop loss to protect your capital.

Stop Loss.
$0.8600
Place this below the support zone to avoid unnecessary losses if the trend reverses.

Next Steps.

1. Monitor Volume.
Increasing volume at $0.9032 or above confirms bullish strength.

2. RSI Indicator.
If RSI is below 70 but trending upward, it suggests continued upward momentum.

3. News Impact.
Stay updated on $ENA related news for unexpected changes in price action.

Would you like me to explain how these levels were calculated or provide any additional tips for trading.

#ENA/USDT #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip?