Ethena Crypto Price Prediction: What to Expect in the Future?

 Ethena Crypto Price Prediction: What to Expect in the Future?

Cryptocurrencies as trading assets have seen significant growth, where many investors deem them value-creating assets rather than speculating on their prices. Out of these, Ethena, has attracted investments for its complex offering. It is no wonder many people in this space are asking ‘What’s Ethena crypto price prediction?’ – both investors and sceptics mission is more than believing in the project. In this blog post, we will assess several factors that may affect the price of Ethena, review the estimates of experts, and share what you can do to assess the currency and its price.
Ethena (ENA) Price Prediction 2024, 2025–2030 | CoinCodex

Ethena (ENA) Price Prediction 2024, 2025–2030

Explore short and medium-term Ethena price prediction analysis and check long-term Ethena forecasts for 2025, 2030, and beyond

5-Day Prediction
$ 0.50736
1-Month Prediction
$ 1.272224
3-Month Prediction
Unlock
6-Month Prediction
Unlock
1-Year Prediction
Unlock
2025 Prediction
Unlock
2030 Prediction
Unlock
2040 Prediction
Unlock
2050 Prediction
Unlock
100%Chart created using amCharts library
Current Price $ 0.421696
Price Prediction $ 1.272224  (225.68%)
Fear & Greed Index 48 (Neutral)
Sentiment Bullish
Volatility 16.76%
Green Days 16/30 (53%)
50-Day SMA $ 0.280715
200-Day SMA -
14-Day RSI 58.36

According to our current Ethena price prediction, the price of Ethena is predicted to rise by 225.68% and reach $ 1.272224 by November 13, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 48 (Neutral). Ethena recorded 16/30 (53%) green days with 16.76% price volatility over the last 30 days. Based on the Ethena forecast, it's now a good time to buy Ethena.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Long-term Ethena price prediction for 2025, 2026, 2027, 2028, 2029 and 2030

Based on the historical price movements of Ethena and the BTC halving cycles, the yearly low Ethena price prediction for 2025 is estimated at $ 0.390631. Meanwhile, the price of Ethena is predicted to reach as high as $ 1.830729 next year. Using the same basis, here is the Ethena price prediction for each year up until 2030.

YearYearly LowYearly High
2025 $ 0.390631 $ 1.830729
2026 $ 0.662815 $ 1.559066
2027 $ 0.326502 $ 0.831883
2028 $ 0.357559 $ 0.756557
2029 $ 0.610555 $ 1.235582
2030 $ 1.074804 $ 2.44

Ethena price prediction 2025

The Ethena price prediction for 2025 is currently between $ 0.390631 on the lower end and $ 1.830729 on the high end. Compared to today’s price, Ethena could gain 333.37% by 2025 if ENA reaches the upper price target.

Ethena price prediction 2030

The Ethena price prediction for 2030 is currently between $ 1.074804 on the lower end and $ 2.44 on the high end. Compared to today’s price, Ethena could gain 478.19% by 2030 if it reaches the upper price target.

Ethena Price Forecast Based on Technical Analysis

Sentiment

Bullish

Based on data from October 14, 2024 at 13:11, the general Ethena price prediction sentiment is bullish , with 19 technical analysis indicators signaling bullish signals, and 1 signaling bearish signals.

ENA price prediction was last updated on October 14, 2024 at 13:11.

Ethena's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

100%Chart created using amCharts library

Based on our technical indicators, Ethena's 200-day SMA will rise in the next month and will hit $ 0.00 by Nov 13, 2024. Ethena's short-term 50-Day SMA is estimated to hit $ 0.59577 by Nov 13, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 58.36, which indicates that the ENA market is in a neutral position.

Popular ENA Moving Averages and Oscillators for Mon, Oct 14, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 0.321496BUY
SMA 5$ 0.308785BUY
SMA 10$ 0.301704BUY
SMA 21$ 0.33094BUY
SMA 50$ 0.280715BUY
SMA 100$ 0.334047BUY
SMA 200--

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 0.298485BUY
EMA 5$ 0.291549BUY
EMA 10$ 0.290931BUY
EMA 21$ 0.308739BUY
EMA 50$ 0.382162BUY
EMA 100$ 0.500282SELL
EMA 200--

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21--
SMA 50--
SMA 100--
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21--
EMA 50--
EMA 100--
EMA 200--

Ethena Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)58.36NEUTRAL
Stoch RSI (14)23.41NEUTRAL
Stochastic Fast (14)44.81NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)29.77BUY
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.01BUY
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-55.19NEUTRAL
Ultimate Oscillator (7, 14, 28)50.02NEUTRAL
VWMA (10)0.30BUY
Hull Moving Average (9)0.31BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.31NEUTRAL

Ethena Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.348933, Ethena has support levels of $ 0.331412, $ 0.306462, and the strongest at $ 0.288941. Similarly, Ethena resistance levels are at $ 0.373883, $ 0.391404, and $ 0.416354.

Support Levels

#PriceStrength
S1$ 0.331412  
S2$ 0.306462  
S3$ 0.288941  

Resistance Levels

#PriceStrength
R1$ 0.373883  
R2$ 0.391404  
R3$ 0.416354  

Ethena Correlation

Over the past 7 days, Ethena price was most positively correlated with the price of and most negatively correlated with the price of .

Positively Correlated Currencies

NameCorrelation

Negatively Correlated Currencies

NameCorrelation

Ethena price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Ethena indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ethena, a move in one direction for Ethena would translate into a move in the opposite direction for the negatively correlated coin.

Ethena Price Prediction for Tomorrow and Next Week

DatePriceChange
Oct 15, 2024 $ 0.390631 0.00%
Oct 16, 2024 $ 0.411425 5.32%
Oct 17, 2024 $ 0.438205 12.18%
Oct 18, 2024 $ 0.470913 20.55%
Oct 19, 2024 $ 0.50736 29.88%
Oct 20, 2024 $ 0.543544 39.14%
Oct 21, 2024 $ 0.578317 48.05%
Show More

The Ethena price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Ethena projections, ENA will be changing hands at $ 0.578317 on Oct 21, 2024, gaining 48.05% in the process.

Ethena Historical Price Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
EthenaUS Dollar ENA/USD -1.25%21.84%39.13%88.58%-6.14%-54.55%---------25.23%
EthenaBitcoin ENA/BTC -1.14%15.08%35.12%71.27%-9.51%-57.41%---------21.40%
EthenaEthereum ENA/ETH -1.76%12.79%31.85%73.12%21.42%-48.30%---------0.92%
EthenaTether ENA/USDT -1.25%21.84%39.13%88.58%-6.14%-54.55%---------25.23%

To get a better idea of what could happen to the Ethena price in the future, it’s helpful to also explore Ethena’s price history. In the last month, the ENA/USD pair is up 88.58%. The 1-year performance of ENA/USD is -25.23%.

Ethena Price Prediction FAQ

What is Ethena's price prediction today?

Based on our Ethena prediction chart, the price of Ethena will increase by 0.00% and reach $ 0.390631 by Oct 15, 2024

What is Ethena price prediction for tomorrow?

Ethena is predicted to gain 0.00% and reach a price of $ 0.390631 tomorrow.

What is the Ethena price prediction for this week?

According to our Ethena price prediction, ENA is forecasted to trade within a price range of $ 0.390631 and $ 0.578317 this week. Ethena will increase by 48.05% and reach $ 0.578317 by Oct 21, 2024 if it reaches the higher value target.

What is the Ethena price prediction for next week?

The Ethena price prediction for next week is between $ 0.578317 on the lower end and $ 0.664556 on the high end. Based on our ENA price prediction chart, the price of Ethena will increase by 14.91% and reach $ 0.664556 by Oct 28, 2024 if it reaches the upper price target.

What is the Ethena price prediction for 2024?

Ethena is forecasted to trade within a range of $ 0.390631 and $ 1.830729. If it reaches the upper price target, ENA could increase by 333.37% and reach $ 1.830729.

What is the Ethena price prediction for 2025?

According to our Ethena price prediction, ENA is forecasted to trade within a price range of $ 0.390631 and $ 1.830729 next year. Ethena will increase by 333.37% and reach $ 1.830729 if it reaches the higher value target for 2025.

What is the Ethena price prediction for 2030?

The Ethena price prediction for 2030 is between $ 1.074804 on the lower end and $ 2.44 on the high end. Based on our ENA price prediction chart, the price of Ethena could gain 478.19% and reach $ 2.44 if it reaches the upper price target.

Will Ethena reach $10?

Ethena would need to gain 2,267.19% to reach $10.  According to our Ethena prediction algorithm, Ethena will hit $10 in March 2045.

Will Ethena reach $100?

Ethena would need to gain 23,571.88% to reach $100.  According to our Ethena prediction algorithm, the price of Ethena will not reach $100. The highest expected price our algorithm estimates is $ 15.68 by Jan 1, 2048.

Will Ethena reach $1,000?

Ethena would need to gain 236,618.80% to reach $1,000.  According to our Ethena prediction algorithm, the price of Ethena will not reach $1,000. The highest expected price our algorithm estimates is $ 15.68 by Jan 1, 2048.

What is the current Ethena sentiment?

The current Ethena sentiment is bullish according to our technical analysis. The majority of technical indicators are showing buy.

What is the Ethena Fear & Greed Index and what does it indicate?

Currently, the Ethena Fear & Greed Index stands at 48, which means that investors’ sentiment is in the so-called Neutral zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Ethena investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Ethena?

Over the last 30 days, Ethena had 16/30 (53%) green days. According to our historical data, it is currently profitable to invest in Ethena.

Is Ethena a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Ethena in 2024 is bullish. This could be an indication that Ethena is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Ethena or not.

What will the price of Ethena be next week?

According to our Ethena forecast, the price of Ethena will increase by 29.88% over the next week and reach $ 0.50736 by October 19, 2024.

What will the price of Ethena be next month?

According to our Ethena forecast, the price of Ethena will increase by 225.68% over the next month and reach $ 1.272224 by November 13, 2024.

What is Ethena's 50-Day SMA and what does it indicate?

Ethena’s 50-day SMA (simple moving average) is currently $ 0.280715. The 50-day SMA indicates the average price of Ethena over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive ENA price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Ethena's 14-day RSI and what does it indicate?

Ethena’s 14-day RSI is at 58.36, indicating that ENA is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Ethena. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Ethena go back up?

Based on our algorithmically generated price prediction for Ethena, the price of ENA is expected to decrease by 225.68% in the next month and reach $ 1.272224 on Nov 13, 2024. Additionally, Ethena’s price is forecasted to gain 178.38% in the next six months and reach $ 1.087445 on Apr 12, 2025. Finally, Ethena is expected to trade at $ 1.033993 on Oct 14, 2025, following a 164.70% value decrease in one year.

How does our price prediction for Ethena work?

The Ethena price prediction on CoinCodex is calculated using the historical Ethena price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Ethena prediction.

How to read and predict Ethena price movements?

Ethena traders use a variety of tools to try and determine the direction in which the ENA market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Ethena price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Ethena Price Prediction Indicators

Moving averages are among the most popular Ethena price prediction tools. As the name suggests, a moving average provides the average closing price for ENA over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ENA is a sum of ENA’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ENA price moves above any of these averages, it is generally seen as a bullish sign for Ethena. Conversely, a drop below an important moving average is usually a sign of weakness in the ENA market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ENA price.

How to read Ethena charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Ethena with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Ethena’s price action in 1-hour chunks. Each candlestick will display ENA’s opening price, closing price, as well as the highest and lowest prices that Ethena reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Ethena?

Just like with any other asset, the price action of Ethena is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ENA. The market capitalization of Ethena can change significantly in a short period of time.

When trying to make a Ethena forecast, many traders also try to monitor the activity of ENA “whales”, which are entities and individuals that control large amounts of ENA. Since the Ethena market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Ethena’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

ENA
Ethena
$ 0.422442
21.84% Last 24h
Alternative
Updated a few seconds ago
notification icon
Receive the latest news, updates and offers as they happen.

Ethena (ENA) Price Prediction 2024, 2025–2030

Explore short and medium-term Ethena price prediction analysis and check long-term Ethena forecasts for 2025, 2030, and beyond

5-Day Prediction
$ 0.50736
1-Month Prediction
$ 1.272224
3-Month Prediction
Unlock
6-Month Prediction
Unlock
1-Year Prediction
Unlock
2025 Prediction
Unlock
2030 Prediction
Unlock
2040 Prediction
Unlock
2050 Prediction
Unlock
100%Chart created using amCharts library
Current Price $ 0.421696
Price Prediction $ 1.272224  (225.68%)
Fear & Greed Index 48 (Neutral)
Sentiment Bullish
Volatility 16.76%
Green Days 16/30 (53%)
50-Day SMA $ 0.280715
200-Day SMA -
14-Day RSI 58.36

According to our current Ethena price prediction, the price of Ethena is predicted to rise by 225.68% and reach $ 1.272224 by November 13, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 48 (Neutral). Ethena recorded 16/30 (53%) green days with 16.76% price volatility over the last 30 days. Based on the Ethena forecast, it's now a good time to buy Ethena.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Long-term Ethena price prediction for 2025, 2026, 2027, 2028, 2029 and 2030

Based on the historical price movements of Ethena and the BTC halving cycles, the yearly low Ethena price prediction for 2025 is estimated at $ 0.390631. Meanwhile, the price of Ethena is predicted to reach as high as $ 1.830729 next year. Using the same basis, here is the Ethena price prediction for each year up until 2030.

YearYearly LowYearly High
2025 $ 0.390631 $ 1.830729
2026 $ 0.662815 $ 1.559066
2027 $ 0.326502 $ 0.831883
2028 $ 0.357559 $ 0.756557
2029 $ 0.610555 $ 1.235582
2030 $ 1.074804 $ 2.44

Ethena price prediction 2025

The Ethena price prediction for 2025 is currently between $ 0.390631 on the lower end and $ 1.830729 on the high end. Compared to today’s price, Ethena could gain 333.37% by 2025 if ENA reaches the upper price target.

Ethena price prediction 2030

The Ethena price prediction for 2030 is currently between $ 1.074804 on the lower end and $ 2.44 on the high end. Compared to today’s price, Ethena could gain 478.19% by 2030 if it reaches the upper price target.

Ethena Price Forecast Based on Technical Analysis

Sentiment

Bullish

Based on data from October 14, 2024 at 13:11, the general Ethena price prediction sentiment is bullish , with 19 technical analysis indicators signaling bullish signals, and 1 signaling bearish signals.

ENA price prediction was last updated on October 14, 2024 at 13:11.

Ethena's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

100%Chart created using amCharts library

Based on our technical indicators, Ethena's 200-day SMA will rise in the next month and will hit $ 0.00 by Nov 13, 2024. Ethena's short-term 50-Day SMA is estimated to hit $ 0.59577 by Nov 13, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 58.36, which indicates that the ENA market is in a neutral position.

Popular ENA Moving Averages and Oscillators for Mon, Oct 14, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 0.321496BUY
SMA 5$ 0.308785BUY
SMA 10$ 0.301704BUY
SMA 21$ 0.33094BUY
SMA 50$ 0.280715BUY
SMA 100$ 0.334047BUY
SMA 200--

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 0.298485BUY
EMA 5$ 0.291549BUY
EMA 10$ 0.290931BUY
EMA 21$ 0.308739BUY
EMA 50$ 0.382162BUY
EMA 100$ 0.500282SELL
EMA 200--

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21--
SMA 50--
SMA 100--
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21--
EMA 50--
EMA 100--
EMA 200--

Ethena Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)58.36NEUTRAL
Stoch RSI (14)23.41NEUTRAL
Stochastic Fast (14)44.81NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)29.77BUY
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.01BUY
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-55.19NEUTRAL
Ultimate Oscillator (7, 14, 28)50.02NEUTRAL
VWMA (10)0.30BUY
Hull Moving Average (9)0.31BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.31NEUTRAL

Ethena Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.348933, Ethena has support levels of $ 0.331412, $ 0.306462, and the strongest at $ 0.288941. Similarly, Ethena resistance levels are at $ 0.373883, $ 0.391404, and $ 0.416354.

Support Levels

#PriceStrength
S1$ 0.331412  
S2$ 0.306462  
S3$ 0.288941  

Resistance Levels

#PriceStrength
R1$ 0.373883  
R2$ 0.391404  
R3$ 0.416354  

Ethena Correlation

Over the past 7 days, Ethena price was most positively correlated with the price of and most negatively correlated with the price of .

Positively Correlated Currencies

NameCorrelation

Negatively Correlated Currencies

NameCorrelation

Ethena price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Ethena indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ethena, a move in one direction for Ethena would translate into a move in the opposite direction for the negatively correlated coin.

Ethena Price Prediction for Tomorrow and Next Week

DatePriceChange
Oct 15, 2024 $ 0.390631 0.00%
Oct 16, 2024 $ 0.411425 5.32%
Oct 17, 2024 $ 0.438205 12.18%
Oct 18, 2024 $ 0.470913 20.55%
Oct 19, 2024 $ 0.50736 29.88%
Oct 20, 2024 $ 0.543544 39.14%
Oct 21, 2024 $ 0.578317 48.05%
Show More

The Ethena price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Ethena projections, ENA will be changing hands at $ 0.578317 on Oct 21, 2024, gaining 48.05% in the process.

Ethena Historical Price Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
EthenaUS Dollar ENA/USD -1.25%21.84%39.13%88.58%-6.14%-54.55%---------25.23%
EthenaBitcoin ENA/BTC -1.14%15.08%35.12%71.27%-9.51%-57.41%---------21.40%
EthenaEthereum ENA/ETH -1.76%12.79%31.85%73.12%21.42%-48.30%---------0.92%
EthenaTether ENA/USDT -1.25%21.84%39.13%88.58%-6.14%-54.55%---------25.23%

To get a better idea of what could happen to the Ethena price in the future, it’s helpful to also explore Ethena’s price history. In the last month, the ENA/USD pair is up 88.58%. The 1-year performance of ENA/USD is -25.23%.

Ethena Price Prediction FAQ

What is Ethena's price prediction today?

Based on our Ethena prediction chart, the price of Ethena will increase by 0.00% and reach $ 0.390631 by Oct 15, 2024

What is Ethena price prediction for tomorrow?

Ethena is predicted to gain 0.00% and reach a price of $ 0.390631 tomorrow.

What is the Ethena price prediction for this week?

According to our Ethena price prediction, ENA is forecasted to trade within a price range of $ 0.390631 and $ 0.578317 this week. Ethena will increase by 48.05% and reach $ 0.578317 by Oct 21, 2024 if it reaches the higher value target.

What is the Ethena price prediction for next week?

The Ethena price prediction for next week is between $ 0.578317 on the lower end and $ 0.664556 on the high end. Based on our ENA price prediction chart, the price of Ethena will increase by 14.91% and reach $ 0.664556 by Oct 28, 2024 if it reaches the upper price target.

What is the Ethena price prediction for 2024?

Ethena is forecasted to trade within a range of $ 0.390631 and $ 1.830729. If it reaches the upper price target, ENA could increase by 333.37% and reach $ 1.830729.

What is the Ethena price prediction for 2025?

According to our Ethena price prediction, ENA is forecasted to trade within a price range of $ 0.390631 and $ 1.830729 next year. Ethena will increase by 333.37% and reach $ 1.830729 if it reaches the higher value target for 2025.

What is the Ethena price prediction for 2030?

The Ethena price prediction for 2030 is between $ 1.074804 on the lower end and $ 2.44 on the high end. Based on our ENA price prediction chart, the price of Ethena could gain 478.19% and reach $ 2.44 if it reaches the upper price target.

Will Ethena reach $10?

Ethena would need to gain 2,267.19% to reach $10.  According to our Ethena prediction algorithm, Ethena will hit $10 in March 2045.

Will Ethena reach $100?

Ethena would need to gain 23,571.88% to reach $100.  According to our Ethena prediction algorithm, the price of Ethena will not reach $100. The highest expected price our algorithm estimates is $ 15.68 by Jan 1, 2048.

Will Ethena reach $1,000?

Ethena would need to gain 236,618.80% to reach $1,000.  According to our Ethena prediction algorithm, the price of Ethena will not reach $1,000. The highest expected price our algorithm estimates is $ 15.68 by Jan 1, 2048.

What is the current Ethena sentiment?

The current Ethena sentiment is bullish according to our technical analysis. The majority of technical indicators are showing buy.

What is the Ethena Fear & Greed Index and what does it indicate?

Currently, the Ethena Fear & Greed Index stands at 48, which means that investors’ sentiment is in the so-called Neutral zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Ethena investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Ethena?

Over the last 30 days, Ethena had 16/30 (53%) green days. According to our historical data, it is currently profitable to invest in Ethena.

Is Ethena a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Ethena in 2024 is bullish. This could be an indication that Ethena is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Ethena or not.

What will the price of Ethena be next week?

According to our Ethena forecast, the price of Ethena will increase by 29.88% over the next week and reach $ 0.50736 by October 19, 2024.

What will the price of Ethena be next month?

According to our Ethena forecast, the price of Ethena will increase by 225.68% over the next month and reach $ 1.272224 by November 13, 2024.

What is Ethena's 50-Day SMA and what does it indicate?

Ethena’s 50-day SMA (simple moving average) is currently $ 0.280715. The 50-day SMA indicates the average price of Ethena over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive ENA price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Ethena's 14-day RSI and what does it indicate?

Ethena’s 14-day RSI is at 58.36, indicating that ENA is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Ethena. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Ethena go back up?

Based on our algorithmically generated price prediction for Ethena, the price of ENA is expected to decrease by 225.68% in the next month and reach $ 1.272224 on Nov 13, 2024. Additionally, Ethena’s price is forecasted to gain 178.38% in the next six months and reach $ 1.087445 on Apr 12, 2025. Finally, Ethena is expected to trade at $ 1.033993 on Oct 14, 2025, following a 164.70% value decrease in one year.

How does our price prediction for Ethena work?

The Ethena price prediction on CoinCodex is calculated using the historical Ethena price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Ethena prediction.

How to read and predict Ethena price movements?

Ethena traders use a variety of tools to try and determine the direction in which the ENA market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Ethena price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Ethena Price Prediction Indicators

Moving averages are among the most popular Ethena price prediction tools. As the name suggests, a moving average provides the average closing price for ENA over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ENA is a sum of ENA’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the ENA price moves above any of these averages, it is generally seen as a bullish sign for Ethena. Conversely, a drop below an important moving average is usually a sign of weakness in the ENA market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the ENA price.

How to read Ethena charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Ethena with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Ethena’s price action in 1-hour chunks. Each candlestick will display ENA’s opening price, closing price, as well as the highest and lowest prices that Ethena reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Ethena?

Just like with any other asset, the price action of Ethena is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of ENA. The market capitalization of Ethena can change significantly in a short period of time.

When trying to make a Ethena forecast, many traders also try to monitor the activity of ENA “whales”, which are entities and individuals that control large amounts of ENA. Since the Ethena market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Ethena’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

ENA
Ethena
$ 0.422442
21.84% Last 24h
Alternative
Updated a few seconds ago
notification icon
Receive the latest news, updates and offers as they happen.
src: url(chrome-extension://difoiogjjojoaoomphldepapgpbgkhkb/fonts/katex/KaTeX_Typewriter-Regular.woff2) format('woff2'); font-weight: normal; font-style: normal; }


Understanding Ethena Crypto

Before getting into price predictions, one should learn what Ethena is first in order to appreciate why it is different in the crypto market. Ethena is a relatively new currency that presents itself as a stablecoin with a twist of decentralized finances. Ethena aims at utilizing the advantages of both stablecoins and decentralized systems where there is no fear of the value plummeting, thanks to the power of the blockchain.

Stablecoins such as USDC or DAI tend to have a fixed value that is anchored to a currency, commonly the US dollar. Ethena, on the other hand, is a currency with no fiat backing that utilizes a system of algorithms to ensure stability. This atypical framework has captured the attention of the general public as well as more serious investors who wish to experience a calmer volatility of the market.

Circumstances Deciding the Cost of Ethena

The price dynamics of any cryptocurrency, including Ethena, is determined by various factors. Let’s break down the most crucial ones:

1. Market Sentiment

Cryptocurrencies are fickle, and market sentiments cannot be ignored. When most of the people believe that a certain coin is a good thing, the prices go up due to the number of people buying, while that which is not favorable, the prices drop. Even though Ethena has a design that combines the stablecoin and decentralized finance in a way that should protect it from extreme price swings, the general market feelings especially concerning cryptocurrencies, will be a key determining factor.

When the price of Bitcoin or Ethereum skyrockets or collapses by a considerable percentage, the smaller coins like Ethena will also be undergoing some price changes. It is important to focus more on the trend of the crypto market in general since it can have direct consequences on the price of Ethena.

2. Technological and Developmental Advancements

The technology that comes with a cryptocurrency and regularly changing it can also affect the cost of that digital currency. New as Ethena is, whatever advancement in its platform, new partnerships, or improvement in its algorithm, the price will respond positively. Such coins often attract investors' attention because they are undergoing development which is a good sign in terms of investment bets.

If enhancements to Ethena’s current offering expand functionality with a longer threshold before system failures, or faster transaction speeds, or even simpler ways to interact with the project, we might see a growth in the willingness of people to invest in Ethena thus pushing the prices up.

3. The Law

The attitude towards the use of cryptocurrencies in many countries leaves many questions. Lawmakers and central banks continue to look for the effective design of the barriers for preventing abuse of the virtual assets, while allowing the market to develop. The external environment may determine favorable or unfavorable conditions for the firm’s growth.

Ethena Price Prediction: What Are the Experts Saying?


Ethena, an emergent cryptocurrency, is the subject of a few value forecasts as well as considerations. It is also important to note that it is currently based on trends that may become out of date in case of a sudden change in the market or advancement of technology. 

Short-Term (2024-2025)

In the short run, Ethena’s price is expected to be quite stable owing to its algorithmic nature, but perhaps it will post some minimal gains, as more people would get to know about it, and its use cases grow. Ethena market analysts suggest that the price of the asset will demonstrate a small price of growth of over %20 as other activities continue to fill the Ethena in the decentralized finance market.

In that regard, some specialists think that the price of Ethena can grow in a range of 10-20 up to the next year, particularly if the global cryptocurrency market looks positive. This growth will likely be driven by an increased focus on DeFi initiatives and stablecoins, due to many traditional financial markets becoming increasingly uncertain.

Mid-Term (2026-2028)

Examination of mid-term net expectations reveals even more captivating potential for Ethena. Adopted to the crypto evolution at most by 2026, Ethena could ride on its crest as a trustworthy stable currency with the value-added DeFi capability. As the crypto-currency sphere grows and expands, Ethena will, in all probability, be able to win the hearts of more institutional investors and users looking for fiat-alternative but stable, less risk-bearing operations in DeFi ecosystems.

Hence, in this period, some analysts include moderate price movement, promotional growth, or some growth and even firm suggestions that pumping up Ethena price might occur or even will occur. Most of this expansion is going to be predicated on how well the team supporting Ethena manages to bring in some innovations and what the current and future regulatory climates for crypto currencies are.

Long-Term (2029 and Beyond)

Offering a price prediction timeline for this or any other cryptocurrency, years away is almost impossible too due to the constant evolution of the scenario. Even so, if Et

Post a Comment

0 Comments