Ethena（ENA）正在經歷巨大的銷售壓力

Ethena（ENA）正經歷著巨大的銷售壓力，這使交易者和投資者感到緊張。這種看跌情緒的很大一部分可以歸因於最近的ENA拋售

Ethena (ENA) has been facing significant selling pressure, leaving traders and investors in a state of nervousness. A large part of this bearish sentiment can be attributed to the recent ENA sell-off of $10.35 million ENA by Amber Group, a notable market maker.

Ethena（ENA）一直面臨巨大的銷售壓力，使貿易商和投資者處於緊張狀態。這種看跌情緒的很大一部分可以歸因於著名做市商Amber Group最近的1,035萬美元ENA的ENA拋售。

The giant sale happened on Binance and has raised concerns of even greater short-term volatility, as a sudden spike in supply can push the price down. What’s more alarming is that some of these tokens were bought only two weeks ago at an average price of $0.3979, which implies that Amber Group’s choice to sell now is a sign that it may not be bullish on the short-term potential of ENA.

巨額銷售發生在Binance上，並引起了人們對短期波動更大的擔憂，因為供應的突然激增會降低價格。更令人震驚的是，其中一些代幣僅在兩週前以0.3979美元的平均價格購買，這意味著Amber Group現在可以選擇出售的標誌表明，它可能不會在ENA的短期潛力上看漲。

Massive ENA Token Unlocks Could Make Things Worse

巨大的ENA令牌解鎖可能會使情況變得更糟

While the market maker ENA sell-off has exerted downward pressure on ENA, Ethena’s tokenomics are further contributing to the pressure. On March 5th, there was a massive 2.06 billion ENA tokens unlocked, which is about 13.9% of the total supply.

雖然做市商ENA拋售對ENA施加了向下壓力，但Ethena的令牌學進一步促進了壓力。 3月5日，解鎖了巨大的ena代幣，約佔總供應量的13.9％。

Additional ENA token unlocks will occur on April 2nd with another 94.19 million and on April 5th with a large 171.85 million.

額外的ENA令牌解鎖將於4月2日發生，另外919萬，4月5日，大約1.7185億。

With all of this new supply to the market, it is easy to see why traders may feel cautious. Higher liquidity can, in some cases, attract investors, but the fear of price drops could keep traders sidelined.

有了所有這些新的市場供應，很容易看出為什麼交易者可能會謹慎。在某些情況下，較高的流動性可以吸引投資者，但對價格下跌的恐懼可能會使交易者保持不變。

As ENA weighs this uncertain phase, technicals will be an essential component to see where the price may go next. Let’s take a look at the charts to see where the price of ENA may be heading.

由於ENA權衡了這個不確定的階段，因此技術將是查看價格下一步的重要組成部分。讓我們看一下圖表，看看ENA的價格可能在哪裡。

Price Analysis and ENA Price Prediction

價格分析和ENA價格預測

The trading session on 21st March started with a strong downtrend channel indicating bearish sentiments in the market. At 00:40 UTC, a death cross formed on the MACD line solidifying the bearish sentiment and continuing the downtrend channel.

3月21日的交易會議始於強大的下降渠道，表明市場上的看跌情感。在00:40 UTC上，MACD線上形成的死亡十字架鞏固了看跌情緒並繼續下降頻道。

By 04:00 UTC, a golden cross appeared raising the prices slightly but the overall price fall continued to happen. The prices entered a new key resistance and support level of $0.3710 and 0.3570. The price stabilized at the key support level when a golden cross formed at 16:30 UTC.

到04:00 UTC，一個黃金十字架似乎略有提高價格，但總價格下跌仍在繼續。價格進入了新的鑰匙阻力和0.3710和0.3570的支持水平。當黃金十字在UTC形成時，價格穩定在關鍵支持水平上。

The prices still struggle to rise following the long downtrend channel and strong bearish momentum.

遵循漫長的下降渠道和強大的看跌勢頭，價格仍然很難上漲。

At 21:55 UTC, a strong selling pressure developed following two death crosses on the MACD leading to a breakout on the key support level.

在21:55 UTC，在MACD上有兩個死亡十字架後產生了強烈的銷售壓力，導致關鍵支持水平的突破。

By the start of the new trading day on 22nd March, at 00:05 UTC a golden cross formed aligning with the RSI overbought signal pushing for another breakout to rise above the support level. However, the sell side continues to restrict in major upswing.

到3月22日的新交易日開始，00:05 UTC A Golden Cross與RSI過多的信號保持一致，這推動了另一個突破以超過支撐級別的速度。但是，賣方繼續限制大型上升。

By 04:00 UTC, a significant buying pressure developed when a clear golden cross formed on the MACD line resulting in the breakout. The prices re-enter the previous key resistance and support level of $0.3710 and 0.3570. The prices starting rising again steadily with caution post the breakout.

到04:00 UTC，當MACD線上形成透明的黃金十字架導致突破時，就會產生重大的購買壓力。價格重新輸入了以前的關鍵阻力和支持水平0.3710 $ 0.3710和0.3570。突破之後，隨著謹慎的態度，價格再次開始上漲。

Conclusion: Can ENA Overcome the Selling Pressure?

結論：ENA可以克服銷售壓力嗎？

Ethena (ENA) is currently facing an instance of extreme bearish pressure. This negativity is mainly driven by Amber Group’s liquidation of $10.35 million worth of ENA and massive unlocks of tokens. The influx of new supply has led traders to slow buying and increase short-term volatility.

Ethena（ENA）目前面臨著極端看跌壓力的實例。這種負面性主要是由Amber Group清算了價值1,035萬美元的ENA和大量的代幣。新供應的湧入使交易者減緩了購買並增加了短期波動。

Although higher liquidity can draw in investors, selling pressure has impeded any significant recovery in ENA’s price. This event is confirmed by the technical analysis, as the price continues to move within a downtrend channel after many recovery attempts.

儘管更高的流動性可以吸引投資者，但銷售壓力阻礙了ENA的價格重大回收。技術分析證實了這一事件，因為經過多次恢復嘗試，價格繼續在下降渠道內移動。

Though golden crosses on the MACD have spurred short rallies for ENA, selling pressure has foiled this momentum multiple times, especially along key support and resistance levels of $0.3710 and $0.3570.

儘管MACD上的Golden Cross刺激了ENA的簡短集會，但銷售壓力卻多次挫敗了這一勢頭，尤其是在關鍵支持和阻力水平為0.3710美元和0.3570美元的情況下。

Therefore, any bullish price action above these levels would be vital for ENA to recover; however, the market is presently experiencing uncertainty, with sellers in control. The ENA price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

因此，任何高於這些水平的看漲價格行動對於ENA恢復至關重要。但是，市場目前正遇到不確定性，賣方處於控制範圍內。 ENA價格預測表明，交易者應監視MACD和RSI等信號的確認，以確定隨後的行動過程。