Ethena (ENA) has shown impressive performance, with traders reporting an average weekly increase of 26.05% and a monthly increase of 18.64%. Further, in the past 24 hours, ENA experienced a gain of 0.97%. These numbers suggest a strong bullish trend, underlined by a classic cup and handle pattern that often signals further upward Movement.

Despite the bullish trends, large investors or whales remain cautious. Only 135 bullish whales compared to 109 bearish ones signify potential but unacted opportunity. Currently, ENA’s trading activity among large investors is limited. If these large holders engage, Ethena could potentially move past the present peaks and possibly reach a new all-time HIGH.

Ethena’s Total Value Locked (TVL) remains stable at 5,921 billion USD, having retained this value since December 2024. The consistent TVL aligns with past patterns that preceded growth surges. If historical patterns repeat, the stable TVL could hint at a bullish outlook. Large holder engagement could prompt substantial gains, pushing ENA’s value to potentially reach the 2.44 USD target.