Ethena Price Surges Toward $0.23 as Supply Unlock Nears
Ethena (ENA)
Editor:
Eugene Serbin
BitcoinEthereumNews.com reports that Ethena price is back near a major breakout zone as ENA’s sharp September rally collides with the project’s final large investor unlock. The asset is surging toward $0.23 as the supply unlock nears. Analysts ask whether ENA can reach $0.30. ENA has climbed significantly during the current month.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Whalio spot data shows ENA trading at $0.2061 with a 1-hour buy ratio of 40.6%, indicating immediate selling pressure. However, the 4-hour buy ratio sits at 53.5%, suggesting that buying interest is building over a slightly longer timeframe compared to the 24-hour average of 48.9%. The 1-hour volume delta is -$389,290, meaning more money flowed out than in during the last hour. In contrast, the 4-hour volume delta is positive at +$281,852, showing that net buying has occurred over the last four hours. The 24-hour volume delta is -$1,229,390, and the cumulative volume delta closed at -$1,277,407, indicating that net selling has dominated the full day.
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 49.6%, making today’s 24-hour ratio of 48.9% slightly below the weekly norm by 0.8 points. Weekly volume was 0.84x the average, reflecting lower trading activity than usual. Net buying occurred on only 3 of the past 7 days. Despite this subdued flow, the price rose 38.4% over the 8-day period. The total volume delta for the week was -$4,825,747, showing that sellers have controlled the broader trend despite the recent price surge.