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ENAUSDT 12H Chart Analysis

09/06/2025 14:40

Ethena (ENA) appears to be in its distribution phase, with the final legโ€”UTAD (Upthrust After Distribution)โ€”likely forming soon. This move could take shape either as a rejection at the highlighted resistance zone or as a liquidity grab above previous highs. Traders should carefully observe market reactions before confirming the direction.

ENA chart

๐Ÿ”Ž Market Insight
The distribution structure is nearing completion, and price action around resistance will determine whether ENA enters weakness or extends higher temporarily.

๐Ÿ“Š Trading Strategy
Monitoring the highlighted resistance zone is key. Once UTAD completes, profit-taking opportunities may arise during the SOW (Sign of Weakness) as price revisits support.

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Updates

Update at 09/14/2025 06:52

ENA chart
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๐Ÿ“Œ Update
ENAUSDT confirmed the expected Upthrust After Distribution, dropping ~11% from the resistance zone.

๐Ÿ“Š Outlook
With price entering the final stages of the distribution phase, further swing highs and lows are likely before reaching the ultimate buy zone. Short-term traders can use this roadmap for scalp opportunities on lower timeframes until accumulation levels are reached.

Update at 09/16/2025 14:14

ENA chart
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๐Ÿช™ Profit Update
The roadmap played out precisely, with short positions from the top already yielding 16% profit. Since price has reached a technical zone that could spark retracements, partial profit-taking here can secure trades and reduce risk.

Update at 09/29/2025 10:05

ENA chart
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๐Ÿ”Ž Update
After a 34% correction, ENAUSDT found support at the first key level, forming a sign-of-weakness (SOW) range.

๐Ÿ“Š Outlook
Two possible scenarios remain before continuation, with potential retracement still in play. The highlighted rebuy zone is where profits from shorts can be locked in and new long positions considered.

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