Arthur Hayes’s four-day buying spree: 11.74 million ENA. This legendary trader’s add-on moves have always been viewed by the market as a bellwether. Based on on-chain data, his buying pace is quite intense—nearly continuous over four days—showing strong confidence in the medium-term direction of $ENA .
From a technical standpoint, ENA is attempting to hold above the 10-week EMA. This level is seen as a key pivot point for gauging the strength or weakness of the medium-term trend. Once a valid breakout occurs and holds, historically, similar weekly-level breakouts have often been accompanied by the start of a trend-driven phase. With Hayes-style funds making early arrangements, the liquidity side and the technical picture could align and resonate.
That said, it’s worth noting: big players adding positions doesn’t necessarily mean an immediate surge. In the short term, there may still be pullbacks due to market-wide volatility. For those interested in $ENA , it’s advisable to watch the weekly close and whether trading volume can continue to expand before deciding whether to follow—avoid chasing prices.
#Ethena#altcoin
From a technical standpoint, ENA is attempting to hold above the 10-week EMA. This level is seen as a key pivot point for gauging the strength or weakness of the medium-term trend. Once a valid breakout occurs and holds, historically, similar weekly-level breakouts have often been accompanied by the start of a trend-driven phase. With Hayes-style funds making early arrangements, the liquidity side and the technical picture could align and resonate.
That said, it’s worth noting: big players adding positions doesn’t necessarily mean an immediate surge. In the short term, there may still be pullbacks due to market-wide volatility. For those interested in $ENA , it’s advisable to watch the weekly close and whether trading volume can continue to expand before deciding whether to follow—avoid chasing prices.
#Ethena#altcoin