Ethena Price Prediction – ENA Eyes $0.60 After Launching Stablecoin In US Market

Highlights:

• Ethena has broken out of a range between $0.543 and $0.433
• Closing above $0.543 resistance could trigger a rally to $0.60 in the short term
• Rally likely to be driven by excitement around USDtb launch in the US market 

Ethena (ENA) is one of the top-performing cryptocurrencies today, outperforming most of the top 100 cryptocurrencies. When writing, Ethena was trading at $0.53, up by 28.89% in the day. Not only is Ethena’s price going up, but its trading volumes are also on the rise. 

When writing, Ethena trading volumes had gone up by 33% to stand at $1.19 billion. This surge in trading volumes as the price rallies indicates that bullish sentiment is building up. This means that investors expect Ethena to go even higher in the foreseeable future. Going by what is happening around Ethena, there is a good chance that the price is likely headed much higher. 

Ethena Price Gets A Boost From New US Cryptocurrency Laws

One of them is that Ethena is leveraging the recently passed cryptocurrency laws in the US to enter the US market. Ethena is expanding into the US market with the launch of $1.5 billion USDtb. Ethena is doing this through a partnership with Anchorage Digital, the US’s first chartered cryptocurrency bank. Under the deal, Anchorage Digital will offer Ethena’s USDtb in the US, which fully complies with the GENIUS Act. Previously, Ethena was only offering USDtb outside the US, and the expanded reach into one of the world’s largest markets could push Ethena’s overall value.

Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act

Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated… pic.twitter.com/TVmsIGVZ5Y

— Ethena Labs (@ethena_labs) July 24, 2025

Whales Are Loading Up On Ethena

With regulatory clarity on stablecoins, whales have started loading up on Ethena, a clear indicator of the market’s direction. One of the whales making a splash on Ethena is Aurther Hayes of Bitmex. Hayes has recently bought 2.16 million ENA tokens worth $1.06 million. This puts his total ENA stash at 7.7 million tokens. Other whales are also loading up on ENA and are likely to add to the upside momentum ENA has built up so far, which could see it hit prices above $1 in the very short term.

JUST IN: ARTHUR HAYES ADDS 2.16M $ENA TO WALLET, NOW HOLDS $3.73M IN TOKENS

Source: @lookonchain https://t.co/wZ7zMVGULz pic.twitter.com/yCPVQ7qQBj

— Mario Nawfal’s Roundtable (@RoundtableSpace) July 25, 2025

Broader Market Sentiment Overall Bullish – A Plus for Ethena

Ethena’s push into the US market comes when signals indicate that the broader market is bullish. Despite the lack of significant price action in the past week, the underlying market momentum is strong. Bitcoin is still edging towards a retest of $120k, and Ethereum is holding firm above the $3500 price level. This means the ongoing marketwide consolidation could be followed by a significant leg up in the foreseeable future.

Bitcoin’s dying to crack $120K again

Something tells me we’ll finish July $130-140K

Maybe even higher than that

No one is ready

$200K+ by EOY

The chain will summon it, guaranteed 💪 pic.twitter.com/luD9Ia3YvD

— Phunky (Ryan) 🌎🥩 (@ThePhunky1) July 23, 2025

For Ethena, which has benefited from the recently enacted US crypto rules, the odds are high that it could experience FOMO once the broader market turns bullish. The result is that it could make multiples of its price action this week. The fact that it is a standout performer among the top 100 cryptocurrencies today also means it could draw in speculative retail interest in the short term. This further gives it the potential to keep adding to its gains in the last 24 hours. 

Technical Analysis – Ethena Price Breaks Out After 5-Day Consolidation

For the last 5 days, Ethena has been consolidating between the $0.548 resistance and $0.433 support. However, bulls have now taken control with high volumes, pushing the price through the $.0548 resistance.

If Ethena manages to close above the $0.548 resistance on the hourly chart, a rally that pushes the price to $0.60 in the short term could follow. On the other hand, if bulls fail, the price falls below $0.548, then the week-long price consolidation could continue.