In recent days, several significant Ethena transactions have been recorded. Arthur Hayes has been actively moving his assets, drawing attention from the market and analysts.
Overview of Hayes' Transactions
Over the past two days, Arthur Hayes has conducted significant operations with Ethena cryptocurrency, unstaking and transferring 9 million ENA tokens to exchanges Binance and Bybit. The average price of ENA during this period was $1.173.
Market Reaction to Transactions
Following Hayes' operations, the price of Ethena has decreased by 3.3% over the last 24 hours. Analysts note support levels at $1.10 and resistance at $1.5266.
Technical Analysis and Forecasts
Technical analysis shows the formation of a 'Left Shoulder - Head - Right Shoulder' pattern, suggesting a potential trend reversal. The Awesome Oscillator indicator points to bearish market sentiment.
The current movements in the Ethena market are attracting increased attention, and further price changes will depend on a number of factors, including the activity of major holders and the overall market condition.
