Ethena is showing early signs of a bullish reversa

Ethena is showing early signs of a bullish reversal as price action begins to mirror previous accumulation phases. A potential double bottom is forming at key support, and a breakout above the $0.50 resistance level could confirm the start of a new upward rotation toward higher time frame Fibonacci targets.

The current market structure on Ethena ena7.04%Ethena suggests the asset is trading in an accumulation phase, supported by both technical indicators and fractal similarities to prior price action. Price has returned to a historically significant zone, where a rounded bottom is forming. This area previously acted as the base for a major bullish expansion and may now be setting the stage for a similar move.