Binance Adds Ethena USDe to Its Listings; Market Reaction Observed
Binance Listing of Ethena USDe: Binance officially listed Ethena USDe on September 9, 2025, enabling spot trading for USDe/USDC and USDe/USDT pairs, with withdrawals starting the next day.
Market Impact and ENA Surge: Following the listing, ENA experienced an over 8% surge, reaching a seven-month high, while Ethena's Total Value Locked (TVL) also saw significant growth, reflecting increased investor confidence and engagement.
Fee Switch Activation: The launch coincided with the activation of a $500 million fee switch for ENA buybacks, enhancing liquidity and governance within the Ethena ecosystem.
Historical Context: The positive market response aligns with past trends observed during similar stablecoin listings, such as Ethereum's DAI and FRAX, which also led to substantial market activity and TVL increases.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA). As of , Ethena (ENA) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ENA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ENA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0501 | 0.0723 | 0.0922 | 0.114 | 0.134 | 0.157 | 0.176 |
| Fibonacci | 0.0723 | 0.0884 | 0.0984 | 0.114 | 0.131 | 0.14 | 0.157 |
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