Ethena price eyes a 30% surge as whales buy, but a death cross is a risk

💡 DMK Insight

Ethena’s recent price surge is a classic case of supply and demand dynamics at play. With whales making their moves and exchange balances dwindling, it signals a tightening grip on available assets, which could lead to further upward pressure. This isn’t just a blip; it’s a reminder that when the big players are buying, the market often follows suit. Investors should keep an eye on these trends, as they can indicate broader market sentiment and potential price movements.