Ethena (ENA) surged 14.22% to $0.123, approaching a critical resistance level at $0.1345, which has historically triggered reversals. The asset's trading volume increased by 72% to $283.55 million, indicating heightened market interest. Despite the resistance, experts suggest a potential breakthrough, supported by increased accumulation among the top 100 holders, who have boosted their ENA holdings by 4.85% over the past month. Technical indicators show ENA in an overbought zone, with the Money Flow Index at 86.01 and Chaikin Money Flow at -0.02, suggesting possible short-term corrections. However, derivative data from CoinGlass reveals significant long positions, with $3.31 million in longs compared to $1.20 million in shorts, indicating bullish sentiment. Open Interest has also risen by 12.82% to $251.47 million, further supporting a positive outlook if ENA surpasses the $0.1345 resistance.