Ethereum Network (ENA) Shows Accumulation Amidst Market Weakness

Recent exchange data reveals a significant shift in Ethereum’s (ENA) supply dynamics. Over 140 million ENA tokens have been withdrawn from exchanges over the past 96 hours, signaling accumulation by large holders and institutions. This movement suggests reduced near-term selling pressure but is not translating into sustained price growth. Although prices remain below previous highs, technical indicators are showing signs of weakness.