In the current cryptocurrency market, ENA is gradually becoming the focus of investors' attention. There are reports that ENA plans to be listed on NASDAQ in the fourth quarter of this year, which will undoubtedly bring it more exposure and liquidity.

On-chain data shows that the demand for ENA's stablecoin USDE is astonishing, currently reaching a scale of 100Y. However, the price of ENA does not seem to fully reflect this demand, which suggests that there may be significant upside potential.

It is worth noting that ENA not only belongs to the Ethereum ecosystem but is also involved in the currently highly关注的 stablecoin field. This dual attribute makes the price trend of ENA largely associated with Ethereum, but the potential increase may be even more considerable.

From a technical analysis perspective, the price chart of ENA shows a solid W-bottom pattern. Theoretically, it has the potential to rise to around the neckline position of $1.20, which represents an increase of about 50% compared to the current price.

In the short term, investors can pay attention to the price movements around $0.9, which is the resistance level of the golden ratio 0.618. If a pullback occurs, it may provide an entry opportunity for investors. Some analysts suggest focusing on the support level in the range of $0.67 to $0.7, as they believe this may be a better buying opportunity.

In addition, the market expects that the Ethereum staking ETF may be approved around October. Considering that ENA also involves the concept of Ethereum staking, this news could have a positive impact on ENA.

Overall, ENA has shown strong development potential in the current market environment. However, investors should remain cautious when making decisions, thoroughly assess risks, and operate according to their own investment strategies.