#美联储重启降息步伐 spot traders take note, $ENA may be approaching a key window.
Reasons to pay attention tonight:
First, after $ETH consolidated sideways during the day, the release of the US weekly unemployment data and ETF fund flows around the US stock market opening often trigger short-term buying activity. As the leading stablecoin protocol in the Ethereum ecosystem, ENA usually follows ETH’s price movements with a catch-up rally effect. Recently, the price has repeatedly tested support around $0.23, and daily charts are showing signs of stabilization and rebound, with sufficient shakeout activity.
Second, unlocks are not necessarily bearish. If the project team wants to cash out, they need to first push up the price to create liquidity. At this stage, the so-called “unlock panic” may actually be used as a smokescreen to accumulate at the bottom. On-chain data shows signs of funds building positions at low levels, waiting to rally in sync when Ethereum’s next round begins.
Therefore, tonight may be a good time to position in ENA spot. If you wait until the real rally starts, you’ll be reacting passively.
You can also consider following up with contract trades, but strictly control your position size and stop-loss. $LINK is also worth watching simultaneously.
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AlphaWhisperer
· 23h ago
Around 0.23 is indeed testing support, but to be honest, the unlocking here is still a bit uncertain. However, the logic of accumulating at low levels also makes sense. Let's wait and see how the evening data performs.
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CryptoCrazyGF
· 12-04 12:59
0.23 is really being washed pretty hard, feels like it's consolidating at the bottom. There should be some action when the data comes out tonight.
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PensionDestroyer
· 12-04 12:55
The 0.23 support hasn't been broken yet; it's still in the consolidation phase. Some people are accumulating at low levels, waiting for the next ETH rally to set the pace.
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RugResistant
· 12-04 12:49
The 0.23 support level is indeed interesting, but I've heard the "unlocking smokescreen" narrative way too many times.
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GasWaster
· 12-04 12:49
0.23 is indeed an attractive level, but I feel like I've heard the phrase "bottom accumulation" too many times before. Do you still dare to chase now?
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TokenVelocity
· 12-04 12:41
The 0.23 level is indeed quite interesting. On-chain data shows that accumulation is already happening, so just waiting to get in when the price pumps is really too passive.
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GateUser-74b10196
· 12-04 12:39
The 0.23 support level is indeed quite interesting, but I've heard the "unlocking smokescreen" narrative too many times. Every time they say it's accumulation at the bottom, it still ends up dropping.
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NeverPresent
· 12-04 12:35
The 0.23 support level has been repeatedly tested; it feels like the bottom has been sufficiently accumulated.
#美联储重启降息步伐 spot traders take note, $ENA may be approaching a key window.
Reasons to pay attention tonight:
First, after $ETH consolidated sideways during the day, the release of the US weekly unemployment data and ETF fund flows around the US stock market opening often trigger short-term buying activity. As the leading stablecoin protocol in the Ethereum ecosystem, ENA usually follows ETH’s price movements with a catch-up rally effect. Recently, the price has repeatedly tested support around $0.23, and daily charts are showing signs of stabilization and rebound, with sufficient shakeout activity.
Second, unlocks are not necessarily bearish. If the project team wants to cash out, they need to first push up the price to create liquidity. At this stage, the so-called “unlock panic” may actually be used as a smokescreen to accumulate at the bottom. On-chain data shows signs of funds building positions at low levels, waiting to rally in sync when Ethereum’s next round begins.
Therefore, tonight may be a good time to position in ENA spot. If you wait until the real rally starts, you’ll be reacting passively.
You can also consider following up with contract trades, but strictly control your position size and stop-loss. $LINK is also worth watching simultaneously.