Ethena Eyes Breakout as Binance Adds USDe to Hold to Earn
Ethena (ENA)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Ethena price is gaining renewed attention following a strong recovery. Analyst GorkemCrypto highlights $1 as a potential year-end target for the asset. Meanwhile, Binance Wallet’s inclusion of USDe in its Hold to Earn program adds fresh ecosystem context to ENA’s market outlook.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 25 September 2026. Not the outlet's figures.
Whalio’s Binance Spot data shows ENA trading at $0.2246 with a 24-hour buy ratio of 50.1%, indicating balanced but slightly bullish sentiment. The 1-hour buy ratio sits at 50.6%, while the 4-hour ratio is lower at 48.5%, suggesting that short-term buying pressure is slightly stronger than the recent 4-hour trend but weaker than the full day’s average. Volume Delta for the hour is positive at +$73,314, contrasting with a negative -$189,139 over the last 4 hours, which implies that immediate buying interest has resumed after a recent period of net outflows. The Cumulative Volume Delta (CVD) for the 24-hour close is +$171,295, confirming that net buying has outweighed selling over the full day. Buy Ratio measures the percentage of volume executed on the buy side, while Volume Delta tracks the net difference between buy and sell volume; positive deltas indicate net inflows.
The latest daily buy ratio of 50.0% sits at the 67th percentile of the last 323 days, against a median of 49.0% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ENA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.5%, making today’s 24-hour ratio of 50.1% slightly higher by 0.6 points. This indicates a marginally more bullish trading day compared to the weekly norm. However, spot volume today was only 0.69x the weekly average, showing significantly reduced participation relative to the typical week. While the coin saw a 45.3% price increase over eight days, the total Volume Delta for that period was -$4,430,823, meaning net outflows persisted despite the price surge. Today’s positive 1-hour delta contrasts with the broader weekly net outflow trend, highlighting a recent shift in short-term flow direction.