ENA价格技术分析：市场需求强劲推动乙烯价格上涨

由于市场预期收入分成提案，Ethena 价格在过去 24 小时内上涨了 20% 以上，达到四个月来的最高水平。

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) 的价格在过去 24 小时内上涨了 20% 以上，达到四个月来的最高水平，因为市场预计将提议与 ENA 持有者分享该协议的部分收入。

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 代币用于以太坊区块链上的 Ethena 合成美元协议。由于预计治理决策将直接影响 ENA 持有者，其价格一直在上涨。

Wintermute Proposes Fee Switch for Ethena Holders

Wintermute 提议对 Ethena 持有者进行费用转换

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 价格上涨之前，领先的加密货币做市商 Wintermute 提议为 Ethena 的治理代币 ENA 引入新的费用共享模式。

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.

根据该提案，Ethena 产生的部分收入将分配给 ENA 持有者，使他们能够从协议的增长中受益。

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 的提案认为，ENA 持有者目前缺乏与 Ethena 价格表现相关的足够的经济激励，这可能导致协议参与者与其表现之间的利益分歧。

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.

为了解决这个问题，Wintermute 提出了一种收入共享模型，在该模型实施之前，必须满足一定的条件，例如 USDe（Ethena 的稳定币）的最低流通供应量和持续的收入产生。

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

风险委员会将考虑这些因素并决定在不久的将来实施费用转换的可能性。

Ethena Price Rally Driven by Strong Market Demand

强劲的市场需求推动乙烯价格上涨

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

该提案的公布引起了人们对 ENA 的极大兴趣，导致交易和价格波动增加。

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.

过去24小时内，ENA的交易量飙升61%，达到4.82亿美元，凸显了市场对ENA的看涨和需求。

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，上涨的推动因素不仅仅是投机交易。

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.

根据 Coinglass 的数据，ENA 的未平仓合约也遵循同样的趋势，飙升 8%。当价格上涨期间未平仓合约增加时，通常表明新资金进入市场，因为更多交易者开仓希望进一步上涨。

ENA Price Technical Analysis

ENA 价格技术分析

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

ENA 目前的交易价格为 0.51 美元，一些分析师预测价格可能上涨至 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.

当前的上升趋势已使 ENA 突破了几个关键障碍。值得注意的是，布林带上轨是一个强烈的买入信号。

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 能够继续这一势头并保持高交易量，那么突破 0.60 美元或 0.65 美元附近的下一个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 的市场地位似乎也很强劲，完全稀释后的市值约为 50 亿美元，年化收入约为 1.5 亿美元。

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 的提案获得批准，收入分享模式可能会使 ENA 持有的资产更有价值，从而可能吸引更多投资者并推高价格。

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，技术指标支持当前的反弹。技术分析，MACD指标为正，MACD线位于信号线上方，表明买家区域延续。

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

同样，Chaikin 资金流 (CMF) 为正值，表明资本流入以及交易者对 ENA 的兴趣增加。

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.

最近长期下降楔形形态的突破进一步增强了看涨前景。从 5 月到 8 月，ENA 价格图表上的这种模式可能预示着趋势从看跌转向看涨。

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 月下旬突破该模式后，ENA 价格一直上涨，创造了更高的低点和更高的高点，这都是看涨信号。

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

如果当前的市场状况持续下去，ENA 可能会在未来几周内挑战 1.00 美元的心理阻力位。