Trading at $2.78, showing a strong recovery but consolidating near key levels. Next move depends on critical areas: Long entry: Above $3.00, targets $3.20, $3.40, and $3.50. Stop loss: $2.85. Short entry: Below $2.60, targets $2.40, $2.20, and $2.00. Stop loss: $2.75. Market Outlook: Current consolidation indicates uncertainty, but a break above $3.00 signals bullish momentum, while a rejection could lead to a bearish correction. Tight risk management is essential.
Trading at $2.78, showing a strong recovery but consolidating near key levels. Next move depends on critical areas: Long entry: Above $3.00, targets $3.20, $3.40, and $3.50. Stop loss: $2.85. Short entry: Below $2.60, targets $2.40, $2.20, and $2.00. Stop loss: $2.75. Market Outlook: Current consolidation indicates uncertainty, but a break above $3.00 signals bullish momentum, while a rejection could lead to a bearish correction. Tight risk management is essential.
Introduction: #ENA Ethena is building derivatives infrastructure that enables Ethereum to transform into a global internet bond via delta-neutral positions on stETH, creating the first crypto-native, yield-generating stablecoin: USDE. The project is incubated by Binance Labs. Tags: Decentralized Finance, Stablecoin Protocol
Both rounds of financing were led by Dragonfly, and the following investors are also top institutions such as: Binance Labs, OKX Ventures, Kraken Ventures, Wintermute, etc... From the financing aspect, we can see that many large institutions are very optimistic about this agreement, and the valuation has reached US$300 million!