Ethena is on the positive price trajectory and also showing resilience for a strong reversal following broader market bullish conditions. The ENA price over the last 24 hours has surged by 2.64%, while over the last week it has increased by 6%.
At the time of writing, ENA is trading at $0.6002 with a market capitalization of $4.29 billion. Moreover, its trading volume surged by 32% to $460.5 million, indicating that investors are actively taking new positions in anticipation of a market reversal.

Source: CoinMarketCap
In Q3 2025, July recorded a huge jump of +114.1%, then a modest yet clear-cut rise of +13.1% during August. This, however, ended on a dip of -13.1% for September. Nevertheless, the overall output for Q3 is strong and impressive.

Source: CryptoRank
For Q4 2025, October saw a modest yet consistent increase of +2.29%. This translation meant a cumulative increase of 2.29% for Q4, which is fairly subdued. Although the overall effect for the quarter is positive, it is still modest when pitted against preceding months.
Also Read: Ethena (ENA) Price Prediction: Whale Accumulation Could Fuel the Rally to $0.78
Moreover, the crypto analyst, Crypto Patel, highlighted that ENA has surged over 250% from the original entry setup, handing massive gains to traders who followed the call. Many have already secured profits after the explosive move, while market attention shifts toward the next opportunities. Analysts highlight $0.50 as the first support zone and $0.40 as a deeper re-entry level.

Source: X
Despite the pullback risk, sentiment remains bullish, with some holders keeping positions for a bold $5 target. The plan is clear: lock in wins, manage risk, and prepare for the next breakout. If these re-entry zones hold, ENA could see another strong wave of momentum ahead.
According to the data from CoinMarketCap, the current sentiment of the community is a resounding and clear-cut optimism amongst the active members. In the 107.7K total votes, a remarkable 83% have shown a bullish sentiment. This majority goes on to confirm the strong confidence for sustained affirmative price movements, expansion, and general market strength ahead.

Source: CoinMarketCap
Conversely, just 17% of the community has a bearish view towards the trend of the market. This lesser minority suggests a foreseeable decline, diminished performance, or prospective correction. Although less in number, such bearsish sentiments indicate caution, skepticism, and risk consciousness across the overall market sentiment.
Also Read: Ethena (ENA) Preparing for a Bounce: Is a Rebound Toward $0.80 Possible?