Ethereum News Today: Ethena Soars 31% in a Week on Retail Buy-In and Strong On-Chain Metrics

Ethena has experienced a significant price rally, surging 31% over the past week as of August 11, 2025, climbing from $0.51 to $0.855, a 7-month high [3]. The surge is attributed to a combination of strong network adoption, increased retail participation, and favorable technical indicators. On-chain data reveals a profitability ratio of 4.16 transactions in profit to loss, signaling robust activity on the Ethena network [3]. Additionally, the asset has logged positive Price DAA Divergence for seven consecutive days, a sign of growing demand relative to its price [3].

Retail traders have played a central role in driving the recent buying pressure, with three consecutive days of positive Buy-Sell Delta recorded at 8.33 million, showing retail-led accumulation [3]. However, large market participants, or “whales,” have remained inactive over the past 30 days, with no notable whale orders observed in the spot market, indicating a cautious stance from institutional actors [3].

Technical analysis also supports the bullish momentum. Ethena has successfully defended the $0.60 support level and is currently trading near $0.8086, up 9.05% in the last 24 hours [3]. Traders are watching for a sustained move above $0.70, which could pave the way for a potential push toward $1. Conversely, a failure to hold this level could see the price retrace to $0.55 [3].

Despite a 18% dip from $0.70 to $0.58, Ethena’s total value locked (TVL) has surged 76% to $9.66 billion, reflecting growing engagement with the platform [3]. Over 1 billion tokens have been locked in during the recent pullback, suggesting that market participants are positioning for a potential breakout [3].

Looking ahead, Bitget forecasts a daily growth rate of 0.014%, projecting a price of $0.8276 for Ethena on August 11, 2025 [4]. This is based on current market conditions and historical trends, though it should be treated as an analyst forecast rather than a confirmed outcome [4].

The broader cryptocurrency market is showing signs of renewed optimism, with Ethereum reaching $4,300.90 USDT on the same date, up 2.84% in the last 24 hours [1]. Futures open interest for Ethereum has risen to $51.6 billion, a 10% increase in a single day [2]. This positive momentum is spilling over to Ethena and other assets, with both retail and institutional investors showing increased confidence.

The convergence of strong retail buying, favorable on-chain metrics, and potential technical breakouts suggests that Ethena may be entering a period of sustained growth. However, market participants should remain cautious, as conditions can shift rapidly in the cryptocurrency space. Close monitoring of both network activity and whale behavior will be essential for predicting future price movements.

Sources:

[1] https://m.economictimes.com/crypto-news-today-live-11-aug-2025/liveblog/123223005.cms

[2] https://bravenewcoin.com/insights/ethereum-eth-price-today-ethereum-nears-4400-as-bullish-chart-patterns-signal-new-record-highs-ahead

[3] https://blockchainreporter.net/ethena-price-surge-gains-strength-xrp-price-outlook-weakens-while-cold-wallet-roi-stays-strong-at-3423/

[4] https://www.bitget.com/price/ethena/price-prediction