Ethena’s ENA Token Surges 44% as DeFi Lender Aave Adds Support for USDe

Key Points

1. Ethena (ENA) price surged 44% over the past week and 13% in 24 hours, with trading volume reaching $1.46 billion.

2. Aave now supports deposits of 50% sUSDe and 50% USDe, offering users access to ~12% annualized promotional rewards and Aave's base lending yield.

3. Ethena Labs partnered with Anchorage Digital to issue USDtb under the GENIUS Act, aiming for regulatory-compliant institutional-grade stablecoins.

4. ENA's price is approaching the $0.72 resistance level, with potential upside targets at $0.88 and $1.05 if the breakout holds.

5. Technical indicators like MACD and Bollinger Bands support bullish momentum, with key support at $0.60 and potential retracement to $0.49–$0.50 if support fails.