The Ethena price dropped by a fraction of a percentage to trade at $0.84 as of 02:54 a.m. EST on trading volume that soared 167% to $770 million.
But ENA was still the top trending crypto on CoinMarketCap after the U.S. Securities and Exchange Commission (SEC) approved eight Ethereum ETFs  (exchange-traded funds), in what was seen as a landmark regulatory breakthrough for the crypto industry.

截至美國東部時間凌晨02:54，Ethena 價格下跌了一小部分，交易價格為0.84 美元，交易量飆升167% 至7.7 億美元。 （美國證券交易委員會 (SEC) 批准了 8 檔以太坊 ETF（交易所交易基金），這被視為加密產業的里程碑式監管突破。

BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening.
h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT
— James Seyffart (@JSeyff) May 23, 2024

繁榮！得到正式認可的！就在那裡。美國證券交易委員會剛剛批准了#Ethereum ETF 現貨。事情發生了怎樣的轉變。這真的正在發生。 h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT — James Seyffart (@JSeyff) 2024 年 5 月 23 日

Despite the news, ETH plunged 4% in the last 24 hours to trade at $3,667 as traders sold on the news. As Ethena is built on the Ethereum blockchain, its performance was also dragged back. But it’s still up almost 19% in a week, fired by expectations of ETH ETF approvals.
The Ethena price retraced in May, dropping from the $0.89 resistance to find support around $0.65, data from GeckoTerminal shows. ENA bulls may have gained control at this level, pushing the price back to the $0.89 resistance. However, ENA then dropped back to the $0.80 support.
With the news, ENA soared to the $0.89 resistance, forming the handle part of a cup and handle pattern, as the bulls aim to capitalize on it to push the price above.
Ethena Price Set To Rally Over The $0.89 Resistance

儘管有這一消息，但由於交易員因消息而拋售，ETH 在過去 24 小時內暴跌 4%，至 3,667 美元。由於 Ethena 是建立在以太坊區塊鏈上的，因此其性能也受到了拖累。但由於 ETH ETF 核准的預期，該價格在一周內仍上漲了近 19%。 ENA 多頭可能已經控制了這一水平，將價格推回到 0.89 美元的阻力位。然而，ENA 隨後回落至 0.80 美元支撐位。美元阻力位

ENAUSD Chart Analysis Source: GeckoTerminal.com

ENAUSD 圖表分析 來源：GeckoTerminal.com

ENA is trading above the 50-day Simple Moving Average (SMA), which acts as the immediate support level of around $0.78. If the bulls sustain the bullish rally over this support, ENA will soar over the 200-day SMA, trading at $0.8419.
Moreover, the Relative Strength Index (RSI) trades above the 50-midline level as it drops, which coincides with the current price drop.
On the 4-hour chart, ENA seems to be on a bullish long-term rally, with the Average Directional Index (ADX) trading above level 25, currently at 33, which shows that ENA is on a strong bullish trend.
Ethena Price Prediction
The technical and fundamental analysis of Ethena’s price indicates that ENA is poised to continue surging over the cup and handle pattern as the bulls set their sights on $1.15.
However, in an inverse scenario, the bears may continue exerting pressure on the price, which may drive ENA down to the next support zone at $0.78.
Meanwhile, as the ENA bulls aim for a trend reversal, some traders are rushing to buy the multi-chain Dogecoin derivative ICO Dogeverse before its presale ends in less than 10 days.
After raising $15 million in early funding, it is no wonder that crypto YouTuber Jacob Bury says DOGEVERSE has the potential to soar 100X after launch. 

ENA 的交易價格高於 50 日簡單移動平均線 (SMA)，該平均線是 0.78 美元左右的直接支撐位。如果多頭在該支撐位上維持看漲反彈，ENA 將飆升至200 日均線上方，交易價格為0.8419 美元。的4小時圖上，ENA似乎處於看漲的長期反彈中，平均方向指數（ADX）交投於25水平上方，目前為33，這表明ENA處於強勁的看漲趨勢中。基本面分析表明，隨著多頭將目光投向1.15 美元，ENA 準備繼續在杯柄形態上飆升。支撐區域0.78 美元。美元，難怪加密貨幣YouTuber Jacob Bury 表示DOGEVERSE 在推出後有潛力飆升100 倍。 

Dogeverse Offers Investors Last Chance To Buy Before Launch
Dogeverse (DOGEVERSE) is the first meme coin to operate across multiple networks. It’s deployed on Ethereum, Solana, Polygon, BNB Chain, Avalanche, and Base. By bridging the six blockchains, the token seeks to create a unified space for market participants and investors.
The project is inspired by the mascot Cosmo, which can hyperjump between crypto networks, allowing token holders to seamlessly bridge between various crypto chains.

Dogverse 為投資者提供發布前最後的購買機會Dogeverse (DOGEVERSE) 是第一個跨多個網路運行的迷因幣。它部署在以太坊、Solana、Polygon、BNB Chain、Avalanche 和 Base 上。透過橋接六個區塊鏈，該代幣旨在為市場參與者和投資者創建一個統一的空間。持有者能夠在各個加密鏈之間無縫橋接。

Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024

當你可以擁有一切時，為什麼要限制一件呢？ $DOGEVERSE 始於安全的 #Ethereum 網絡，確保強大的安全性和可靠性。 🛡️💻🔥 彌合#Cryptocurrency生態系統之間的差距，我們增強了整個#Cryptoverse的流動性、實用性和樂趣！ 🎉#AltSeason pic.twitter.com/zOg8albhry — DogeVerse (@The_DogeVerse) 2024 年 5 月 3 日

Dogeverse also offers investors an enticing native staking option with a 51% annual percentage yield (APY). As the project deployed its smart contract on the Ethereum network, only purchases made with ETH are eligible for staking.
The Dogeverse presale ends on June 3 at 10 a.m. UTC. Claims will then commence two days later, on June 5, at 10 a.m. UTC.

Dogeverse 也為投資者提供了誘人的原生質押選項，年收益率 (APY) 為 51%。由於該專案在以太坊網路上部署了智慧合約，因此只有使用 ETH 進行的購買才有資格進行質押。索賠將於兩天后，即 6 月 5 日上午 10 點（世界標準時間）開始。

Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024

準備好與 Cosmo 一起起飛吧！ 🚀🌀 ⏳ #預售將於世界標準時間 6 月 3 日上午 10 點結束！ 🌐 領取將於世界標準時間 6 月 5 日上午 10 點啟動！這是您在正式發布之前與 Cosmo 一起參與 #Blockchain 冒險的最後機會！ 🌌不要錯過！時鐘正在滴答作響！ 📣… pic.twitter.com/QwpzWcm947 — DogeVerse (@The_DogeVerse) 2024 年 5 月 23 日

There’s still time to participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here.
Related News

現在還有時間以每個代幣 0.00031 美元的價格購買 $DOGEVERSE 來參與預售。不過，在團隊在主要交易所推出代幣之前，請盡快購買。

 🚀🌐 Best Metaverse Crypto Projects: Top Picks for NFT and Virtual World Enthusiasts 🎮💰
🚀🌕 Best Web3 Crypto Projects: Top Picks for Investing in Decentralized Future 🌐💰
A How-To Guide on Buying Cryptocurrency Safely in 2024

 🚀🌐 最佳 Metaverse 加密項目：NFT 和虛擬世界愛好者的首選 🎮💰 🚀🌕 最佳 Web3 加密項目：投資去中心化未來的首選 🌐💰 2024 年安全購買加密貨幣的操作指南