The crypto market capitalization has exceeded $2.5 trillion with Bitcoin's price surpassing $68,000. This surge in confidence from the bulls has led to increased buying volume, although the market remains in a consolidated range. Ethena, a newly launched token, has experienced a significant upswing, positioning it as one of the top performers of the day.

Ethena, a synthetic dollar protocol on Ethereum, provides a crypto-native solution independent of traditional banking systems. The token has shown a healthy upswing, aiming to reach previous highs around $1.3.

Recent bullish momentum has allowed the price to break out of a decisive triangle pattern, signaling positive trends for the crypto market. The RSI is also moving towards the upper threshold after a bullish divergence, indicating potential for the price to test $1.16 and possibly rise to $1.25.

Bulls are focused on maintaining buying pressure to achieve new highs in the market. The upcoming Bitcoin halving is anticipated to boost market sentiments, potentially propelling the Ethena price beyond $1.25 and towards $1.3. By the end of the month, ENA price could surge to a new all-time high of $1.5, continuing the bullish trend.