Ethena holds support as resistance tests continue
Ethena (ENA)
Editor:
Eugene Serbin
tradersunion.com reports that Ethena (ENA) is trading at $0.1467 after a 3.46% daily rise. The asset remains above its key moving averages, reflecting short-term momentum. On the H1 timeframe, ENA/USD is trading above its MA-20 at $0.1415 and MA-50 at $0.1422.
It also maintains distance above the MA-200 at $0.1026 on the daily chart. Immediate support stands at the Ichimoku Kijun level of $0.1416, with price action near the intraday high. MACD signals a Buy, while the ADX remains Neutral, indicating ongoing momentum without strong trend confirmation.
The RSI reads at 50.46, showing a mild bullish bias, while Stochastic RSI and CCI are Neutral. The Bull/Bear Power indicator gives a Sell read, pointing to increased short-term seller activity.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 16 September 2026. Not the outlet's figures.
Whalio spot data for ENA shows a price of $0.1396, which is below the reported $0.1467. The 1-hour buy ratio is 48.2%, while the 4-hour ratio is 47.2%, both lower than the 24-hour ratio of 47.1%. This indicates that buying pressure is fading over the shorter timeframes compared to the full day. The 1-hour volume delta is -$66,578, and the 4-hour delta is -$717,313. The 24-hour volume delta is -$1,945,008, showing net selling pressure over the day. CVD at the 24-hour close is -$821,527. Spot volume for the day is $33,998,224 across 186,386 trades. Net buying occurred in only 7 of the 24 hours.
The latest daily buy ratio of 42.7% sits at the 1st percentile of the last 324 days, against a median of 49.0% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ENA, averaged over the days leading up to the story.
The 7-day average buy ratio is 49.3%, which is 2.2 percentage points higher than the latest day's reading. Volume is 1.11 times the average, indicating higher activity than usual. Over the preceding 8 days, the price changed by -12.3%. The 8-day volume delta total is -$3,529,911. Net buying occurred on 3 of the 7 days in the preceding week. This is an unusual day for volume, being 1.11 times the average, while the buy ratio is 2.2 points lower than the weekly average.