Ethena

Date: Tue, June 03, 2025 | 06:16 AM GMTThe cryptocurrency market has rebounded from last week&#39;s brief pullback, with Ethereum (ETH) leading the recovery after climbing over 4% today. ETH has reclaimed the $2,600 mark after dropping to a low of $2,471 on Sunday — a move that appears to be lifting the broader <a href="https://coinsprobe.com/hyperliquid-hype-to-rebound-key-breakout-signals-potential-upside-move/" rel="noopener noreferrer nofollow">altcoin</a> market along with it.Among the notable gainers is Ethena (ENA), which has surged by more than 10% in the past 24 hours, and now the chart is beginning to reveal something promising—a well-known structure that could signal the next bullish move.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/89b63313ef774c96b3f34293ae74db1e.png" />Source: Coinmarketcap<h3 id="power-of-3-in-play">Power of 3 in Play?</h3>Zooming in on the 4-hour chart, ENA appears to be developing a classic “Power of 3” pattern — a three-phase structure made up of: Accumulation, Manipulation, and Expansion.Accumulation PhaseBetween May 9 and May 30, ENA moved sideways within a tight range between $0.3475 and $0.4470. This consolidation formed a typical accumulation zone — an area where smart money builds positions while retail traders lose interest. The range is marked in gray on the chart, highlighting weeks of low-volatility trading.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f0944d1a8ef84fae8cdf3a1d18515181.png" />Ethena (ENA) 4H Chart/Coinsprobe (Source: Tradingview)Manipulation PhaseThen came the shakeout. On May 31, ENA sharply broke below the bottom of the range, plunging to a low of $0.2888. This sudden drop likely triggered stop-losses and panicked selling — textbook signs of the manipulation phase or what many traders refer to as a “liquidity grab.”This move may have been engineered to flush out weak hands before the real upside begins.<h3 id="what-s-next-for-ena">What’s Next for ENA?</h3>Now, all eyes are on whether ENA can reclaim the $0.3475 level — the lower bound of the previous range. A reclaim would indicate that the manipulation phase is complete and that the token is ready to enter the expansion phase.If this pattern plays out fully, the upside target sits around $0.6052, which would represent an 81% gain from current price levels.That said, the bullish setup would be invalidated if ENA fails to hold above the manipulation low of $0.2880, so traders should watch that level closely.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/is-ethereum-eth-gearing-up-for-a-rally-key-fractal-hints-at-bullish-continuation/" rel="noopener noreferrer nofollow">Is Ethereum (ETH) Gearing Up for a Rally? Key Fractal Hints at Bullish Continuation</a>

Ethena (ENA) To Rise Higher? Key Emerging Pattern Suggests Potential Upside Move

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