Ethena Getting Closer To Bullish Breakout

This is a short-term chart setup for Ethena (ENAUSDT). Support is being tested and this can lead to a higher low. A higher low can lead to the resumption of the bullish trend. The bullish trend started with the early September 2024 low.

Volume is good. The way the candles are becoming stronger as the action enters the support zone is also a bullish signal. The consolidation is similar to mid-October/late November 2024.

I am sure we will see a price advance next. This is short-term, but the action can easily go beyond all targets shown on the chart. There will be strong bullish action later this month and even stronger in April and May, that's why the targets will be easy to conquer.

We are witnessing the calm before a bullish storm. The bearish action is over and was really strong. ENAUSDT was bearish between December 2024 and March 2025. It is time for some change.

Thank you for reading.

Enjoy the profits as they come.

We are getting closer by the hour...

Namaste.