ENA價格技術分析：市場需求強勁推動乙烯價格上漲

由於市場預期收入分成提案，Ethena 價格在過去 24 小時內上漲了 20% 以上，達到四個月來的最高水準。

The price of Ethena (ENA) has risen by more than 20% in the last 24 hours to reach its highest level in four months, as the market anticipates a proposal to share some of the protocol’s revenue with ENA holders.

Ethena (ENA) 的價格在過去 24 小時內上漲了 20% 以上，達到四個月來的最高水平，因為市場預計將提議與 ENA 持有者分享該協議的部分收入。

The ENA token is used in Ethena’s synthetic dollar protocol on the Ethereum blockchain. Its price has been rising in anticipation of a governance decision that will directly impact ENA holders.

ENA 代幣用於以太坊區塊鏈上的 Ethena 合成美元協議。由於預計治理決策將直接影響 ENA 持有者，其價格一直在上漲。

Wintermute Proposes Fee Switch for Ethena Holders

Wintermute 提議對 Ethena 持有者進行費用轉換

The latest Ethena price rally follows a proposal by Wintermute, a leading crypto market maker, to introduce a new fee-sharing model for Ethena’s governance token, ENA.

在最新的 Ethena 價格上漲之前，領先的加密貨幣做市商 Wintermute 提議為 Ethena 的治理代幣 ENA 引入新的費用共享模式。

According to the proposal, some of the revenue generated by Ethena will be distributed to ENA holders, allowing them to benefit from the protocol’s growth.

根據該提案，Ethena 產生的部分收入將分配給 ENA 持有者，使他們能夠從協議的成長中受益。

Wintermute’s proposal argues that ENA holders currently lack sufficient financial incentives linked to the performance of Ethena’s price, which could lead to a divergence of interests between protocol participants and its performance.

Wintermute 的提案認為，ENA 持有者目前缺乏與 Ethena 價格表現相關的足夠的經濟激勵，這可能導致協議參與者與其表現之間的利益分歧。

To address this issue, Wintermute has proposed a revenue-sharing model, subject to certain conditions, such as a minimum circulating supply of USDe (Ethena’s stablecoin) and sustained revenue generation, before the model can be implemented.

為了解決這個問題，Wintermute 提出了一種收入共享模型，在該模型實施之前，必須滿足一定的條件，例如 USDe（Ethena 的穩定幣）的最低流通供應量和持續的收入產生。

The risk committee will consider these factors and decide on the possible implementation of the fee switch in the near future.

風險委員會將考慮這些因素並決定在不久的將來實施費用轉換的可能性。

Ethena Price Rally Driven by Strong Market Demand

強勁的市場需求推動乙烯價格上漲

The announcement of the proposal has generated significant interest in ENA, leading to increased trading and price volatility.

該提案的公佈引起了人們對 ENA 的極大興趣，導致交易和價格波動增加。

In the last 24 hours, ENA’s trading volume has surged by 61% to reach $482 million, highlighting the market’s bullishness and demand for ENA.

過去24小時內，ENA的交易量飆升61%，達到4.82億美元，凸顯了市場對ENA的看漲與需求。

Such a large increase in volume suggests that the rally is driven by more than just speculative trading.

成交量如此大幅增加表明，上漲的推動因素不僅僅是投機交易。

Open interest for ENA also followed the same trend, surging by 8% according to data from Coinglass. When open interest increases during a price rally, it usually indicates new money entering the market as more traders open positions hoping for further gains.

根據 Coinglass 的數據，ENA 的未平倉合約也遵循同樣的趨勢，飆升 8%。當價格上漲期間未平倉合約增加時，通常表示新資金進入市場，因為更多交易者開倉希望進一步上漲。

ENA Price Technical Analysis

ENA 價格技術分析

ENA is currently trading at $0.51, and some analysts have predicted that the price could rally as high as $1.00.

ENA 目前的交易價格為 0.51 美元，一些分析師預測價格可能會上漲至 1.00 美元。

The current uptrend has seen ENA break through several key barriers. Notably, the upper Bollinger Band is acting as a strong buy signal.

當前的上升趨勢已使 ENA 突破了幾個關鍵障礙。值得注意的是，布林通道上軌是一個強烈的買進訊號。

If ENA can continue this momentum and maintain high trading volume, a breakout to the next higher resistance levels at or around $0.60 or $0.65 could be on the horizon.

如果 ENA 能夠繼續這一勢頭並保持高交易量，那麼突破 0.60 美元或 0.65 美元附近的下一個更高阻力位可能指日可待。

Ethena’s market standing also appears to be strong, with a fully diluted market cap of around $5 billion and annualized revenue of about $150 million.

Ethena 的市場地位似乎也很強勁，完全稀釋後的市值約為 50 億美元，年化收入約為 1.5 億美元。

If Wintermute’s proposal is approved, the revenue-sharing model could make ENA holdings more valuable, potentially attracting more investors and driving the price up.

如果 Wintermute 的提案獲得批准，收入分享模式可能會使 ENA 持有的資產更有價值，從而可能吸引更多投資者並推高價格。

Moreover, technical indicators support the current rally. According to the technical analysis, the MACD indicator is positive, with the MACD line above the signal line, indicating a continuation of the buyers’ zone.

此外，技術指標支援當前的反彈。技術分析，MACD指標為正，MACD線位於訊號線上方，顯示買家區域延續。

Similarly, the Chaikin Money Flow (CMF) is positive, suggesting an inflow of capital and increasing interest from traders in ENA.

同樣，Chaikin 資金流 (CMF) 為正值，表示資本流入以及交易者對 ENA 的興趣增加。

The recent breakout from the long-term falling wedge pattern adds further strength to the bullish outlook. This pattern on the ENA price chart, from May to August, could be signaling a shift in trend from bearish to bullish.

最近長期下降楔形形態的突破進一步增強了看漲前景。從 5 月到 8 月，ENA 價格圖表上的這種模式可能預示著趨勢從看跌轉向看漲。

After breaking out of this pattern in late August, the ENA price has been rallying, making higher lows and higher highs, both of which are bullish signals.

8 月下旬突破該模式後，ENA 價格一直在上漲，創造了更高的低點和更高的高點，這都是看漲訊號。

If the current market conditions continue, ENA could be set to challenge the psychological resistance level of $1.00 over the next few weeks.

如果當前的市場狀況持續下去，ENA 可能會在未來幾週內挑戰 1.00 美元的心理阻力位。