Is a Bull Run Brewing for ENA? Whales Accumulate as Price Tests Resistance

Ethereum Network token (ENA) is currently grappling with price action near key resistance at $0.64, amidst growing anticipation for a potential bullish rally. Recent accumulation by whales indicates strong institutional interest in the asset, but challenges remain in breaking through this crucial level. 12 million ENA tokens changed hands within the past week, signifying a positive signal from large investors. Price has been hovering around the $0.64 mark and support near $0.60 remains firm. Market cap has surged above $4.05 billion, suggesting renewed investor confidence despite some profit-taking that followed initial price gains. The technical picture shows a battle between bulls and bears as ENA attempts to break through resistance at the $0.64 mark. A sustained climb above this level could drive momentum towards the $0.6751 target. Conversely, if support around $0.60 breaks, a drop toward $0.57 or lower could occur. Market cap signals mixed sentiment, with recent gains exceeding $4.4 billion before a slight dip. However, sustained growth above the $4.40 billion mark would provide critical validation for continued bullish momentum.