Ethena (ENA) is testing the $0.136 resistance level again, following a recent bullish shift in market sentiment. The altcoin, which had previously reached this local high on April 17, has been unable to break through this resistance despite recent gains. A month ago, the market bias for ENA was bearish, but a break above $0.095 and $0.12 has shifted the 4-hour and 1-day timeframes to a bullish outlook. The recent price action has seen ENA establish an uptrend, with a significant structural break occurring when the price closed above $0.12. This was followed by a rally past the $0.12 level, although volume indicators such as the A/D and OBV suggest some caution. The 4-hour chart indicates a range formation between $0.10 and $0.13, with the mid-range level at $0.115 acting as support. Traders are advised to remain cautiously bullish, with a potential invalidation of the range breakout if the price closes below $0.128 on the 4-hour chart.