Ethena is showing a promising reversal after breaking out of a multi-month downtrend. The token has gained over 27% השבוע and is now consolidating just below a key resistance level around $0.1435. This breakout marks the first structural shift after months of lower highs.

The bullish case strengthens with rising volume and an RSI that has recovered from oversold levels without becoming overextended. If ENA can secure a clean breakout above resistance, the next targets line up at $0.1849 and $0.2184, with a larger move potentially reaching $0.2519.

While the upside looks strong, confirmation is still needed. A rejection at current levels could lead to short-term consolidation, but the trendline break suggests that buyers are regaining control and setting the stage for a broader recovery.