Ethena's price is currently trading at $0.7285, with significant attention on the $0.61 support level. Analyst Ali highlighted this level on September 16, 2025, as a crucial point for Ethena's price dynamics. Historically, $0.61 has been a strong support, often leading to rebounds. A break below could signal further declines, while maintaining above may prompt a technical rebound. The market is split, with some traders expecting a bounce and others cautioning about potential losses. The outcome at this support level is likely to shape Ethena's short-term direction and market sentiment.