Key Insights:
- Ethena crypto price forms higher highs after the October recovery, challenging downtrend resistance.
- Sustained closes above $0.60 could validate an ENA price reversal toward $1.30 target.
- Ethena TVL stabilizes near $11.6B, supporting improved price structure momentum.
Ethena crypto price displayed consecutive higher highs on the daily time frame. According to Ali Martinez, if they continue, the Ethena price could rise to $1.30. The October recovery has brought ENA back through key pivots after a mid-month shakeout.
Ethena Crypto Price Eyeing Higher Highs
Examining the daily charts, we observed that the October base features a horizontal resistance level, initially identified in the $0.58 to $0.60 range. Following this zone, a secondary band of resistance is located in the $0.78 to $ 0.80 range. Finally, we see a broader target in the $1.30 band.
The same graphic anchored the cycle floor at approximately $0.24. This is where the ENA set up the cycle floor in July before the summer run.
The chart sequence places the recent recovery within a broader context of 2025. In late July to early September, ENA rose below $0.30 to slightly less than $0.90. It generated the first significantly higher high of the year.
During mid-September and mid-October, the price reversed part of those gains. Ethena crypto price reentered the range of $0.35 to $0.40. The fall reached a critical point in October. It pierced through the lower grounds transiently before buyers stabilized the tape.
Between mid-October and October 27, ENA price rose. It regained the $0.46 to $0.52 range and edged into the $0.52 to $0.55 area.
Ethena Price Shows Downtrend Break Attempt on the Three-Day Chart
Examining 3-day Ethena crypto price charts by more analysts, we observe a downward trendline that is based on the September local high. It extended across the lows in October. This is indicated by the price action that pushes directly into this downward trend.
Ethena crypto has pushed directly over the resistance and straight onto a bullish reversal trigger.
This multi-day chart is a complementary map of the same levels. Support has been established by the $0.31 pocket and by the area of $0.38 to $0.42. This zone held the consolidation of October. The nearest pivot point is at approximately 0.52.
The first material supply band is located at 0.58-0.64. The summer distribution range, approximately 0.72 to 0.90, is the critical supply range overhead.
An extended long above the trendline, as well as above the $0.58 to 0.64 region, would accomplish a conventional reversal on greater timeframes for the Ethena price. The move would turn previous resistance into support.
Liquidity Context from Total Value Locked
On-chain data shows that the series, between August and October, illustrates that TVL increased early in August and reached a peak in late September. This is from around 16.5 to 17.0 billion.
The TVL has since rebounded past the peak, reaching a level of $11.6 billion. That marks a new high with a comparative growth of 26.4% within the selected interest window. The TVL route is congruent with prices.
The peak of TVL at the end of September was matched by Ethena crypto’s trading in the range of $0.80 to $ 0.90. The consequent squeeze in early to mid-October coincided with a slip to the high 0.30s.
This stabilization at $11.6 billion has been formed with the recovery of ENA to $0.52 and the push above the downtrend. Although TVL is not a direct predictor of price, alignment provides a quantifiable context.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
