ENA Price Surge Indicates Strong Market Momentum

According to BlockBeats, on October 16, top trader Eugene shared on his social platform that ENA has risen from $0.28 to $0.42. The spot buying has remained stable and substantial, indicating that strong buying power continues to flow in. From a momentum perspective, this appears healthy, and technically, it has not deviated from the 1-hour trend line since October 10. Eugene stated, 'I believe ENA is about to break through $0.5.' Previously, Eugene Ng Ah Sio published a long article stating, 'Ethena is the fastest-growing DeFi product in history. It has expanded the scale of its yield stablecoin to $3 billion within a few months. If ENA does not become a top 20 market cap token, I would be surprised.'