Ethena（ENA）正在经历巨大的销售压力

Ethena（ENA）正经历着巨大的销售压力，这使交易者和投资者感到紧张。这种看跌情绪的很大一部分可以归因于最近的ENA抛售

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）一直面临巨大的销售压力，使贸易商和投资者处于紧张状态。这种看跌情绪的很大一部分可以归因于著名做市商Amber Group最近的1,035万美元ENA的ENA抛售。

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.

巨额销售发生在Binance上，并引起了人们对短期波动更大的担忧，因为供应的突然激增会降低价格。更令人震惊的是，其中一些代币仅在两周前以0.3979美元的平均价格购买，这意味着Amber Group现在可以选择出售的标志表明，它可能不会在ENA的短期潜力上看涨。

Massive ENA Token Unlocks Could Make Things Worse

巨大的ENA令牌解锁可能会使情况变得更糟

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.

虽然做市商ENA抛售对ENA施加了向下压力，但Ethena的令牌学进一步促进了压力。 3月5日，解锁了巨大的ena代币，约占总供应量的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.

额外的ENA令牌解锁将于4月2日发生，另外919万，4月5日，大约1.7185亿。

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.

有了所有这些新的市场供应，很容易看出为什么交易者可能会谨慎。在某些情况下，较高的流动性可以吸引投资者，但对价格下跌的恐惧可能会使交易者保持不变。

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.

由于ENA权衡了这个不确定的阶段，因此技术将是查看价格下一步的重要组成部分。让我们看一下图表，看看ENA的价格可能在哪里。

Price Analysis and ENA Price Prediction

价格分析和ENA价格预测

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日的交易会议始于强大的下降渠道，表明市场上的看跌情感。在00:40 UTC上，MACD线上形成的死亡十字架巩固了看跌情绪并继续下降频道。

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，一个黄金十字架似乎略有提高价格，但总价格下跌仍在继续。价格进入了新的钥匙阻力和0.3710和0.3570的支持水平。当黄金十字在UTC形成时，价格稳定在关键支持水平上。

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

遵循漫长的下降渠道和强大的看跌势头，价格仍然很难上涨。

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上有两个死亡十字架后产生了强烈的销售压力，导致关键支持水平的突破。

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日的新交易日开始，00:05 UTC A Golden Cross与RSI过多的信号保持一致，这推动了另一个突破以超过支撑级别的速度。但是，卖方继续限制大型上升。

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，当MACD线上形成透明的黄金十字架导致突破时，就会产生重大的购买压力。价格重新输入了以前的关键阻力和支持水平0.3710 $ 0.3710和0.3570。突破之后，随着谨慎的态度，价格再次开始上涨。

Conclusion: Can ENA Overcome the Selling Pressure?

结论：ENA可以克服销售压力吗？

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）目前面临着极端看跌压力的实例。这种负面性主要是由Amber Group清算了价值1,035万美元的ENA和大量的代币。新供应的涌入使交易者减缓了购买并增加了短期波动。

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.

尽管更高的流动性可以吸引投资者，但销售压力阻碍了ENA的价格重大回收。技术分析证实了这一事件，因为经过多次恢复尝试，价格继续在下降渠道内移动。

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.

尽管MACD上的Golden Cross刺激了ENA的简短集会，但销售压力却多次挫败了这一势头，尤其是在关键支持和阻力水平为0.3710美元和0.3570美元的情况下。

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，任何高于这些水平的看涨价格行动对于ENA恢复至关重要。但是，市场目前正遇到不确定性，卖方处于控制范围内。 ENA价格预测表明，交易者应监视MACD和RSI等信号的确认，以确定随后的行动过程。