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

Ethena's price has seen a promising rise over the past two days, driven by significant purchases from whales and a notable decrease in exchange balances, which are at their lowest in months. This surge is particularly important as it reflects growing confidence in the asset amidst the ongoing stability of the USDe. However, investors should remain cautious due to the potential risk of a death cross, which could signal a downturn. Overall, this situation highlights the dynamic nature of the cryptocurrency market and the influence of large investors.
— Curated by the World Pulse Now AI Editorial System