Ethena (ENA) has experienced a significant decline of over 13% in the past week, reflecting broader market weakness that also saw Ethereum (ETH) and Bitcoin (BTC) suffer losses. The cryptocurrency is currently trading in a pattern that analysts identify as the 'Power of 3', which may indicate a potential rebound if the pattern completes. On the 4-hour chart, ENA has moved through an accumulation phase and is now in the manipulation phase, with a key support level at $0.5150. A successful reclamation of the $0.6175 level could trigger an expansion phase, potentially driving the price above $0.8570.