A standard with potential surge opportunities #ENA走势分析

ENA is a project under the Ethereum ecosystem and one of the beneficiaries of the Ethereum ETF.

The trend has been sluggish before, but today there are many abnormal conditions

1. The funding rate is abnormal. Although it can be seen from the previous data that the funding rate has been negative most of the time, it means that many people in the market are shorting ENA, resulting in a large spread between futures and spot prices.

If the market wants to rise, there must be enough short fuel, which is one of the good signals at the moment.

2. The holdings have increased sharply. Today, ENA rose by 15%, and the holdings also rose in line with the increase, indicating that the current rise is driven by bulls.

3. The structural state can be seen in Figure 2. The price has been in a negative trend before, and there was a large-scale accelerated decline in early July. The subsequent price continued to fluctuate for more than 3 weeks, indicating that the current market has changed from the original downward trend to a volatile trend, and now it is necessary to re-select the direction of this volatile structure.

Combined with the above bullish conditions, if it can continue to strengthen, there is a great chance of accelerating.

Combined with the current high negative rate, the cost of holding short positions is also very high. If short positions cannot hold, prices are more likely to rise. $ENA