ENA is currently stuck at $0.43, with a daily fall of 3.8%, but an interesting aspect from a technical perspective has emerged - it has formed a prototype of a rising high point.

Key Data:
Support level: $0.4173 (cannot break)
Resistance level: $0.4597 (only a breakthrough here confirms the rebound)
Target price: $1.30 (if the structure holds)

Traders are currently focused on two questions: first, can ENA maintain above the support level, and second, after breaking through $0.4597, can it push to the midpoint of $0.62? From the relative performance of BTC and ETH, ENA is currently in a relatively stable state, with no obvious weakness.

The trading volume is not large, and it seems to be in a slow accumulation phase. If there is a continuous upward breakthrough before the end of October, there may be potential for the future. However, don't be too optimistic; whether this wave structure can be established will depend on the performance in the coming weeks.