The post ENA Price Jumps 18% as December Breakout Setup Strengthens: Can It Hit $0

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Bitcoin and Ethereum Momentum Boost ENA Price Today

Further strengthening this bullish case is improved broader market sentiment, led by the recent surge in Bitcoin and Ethereum. The BTC price USD has climbed from $92,950, gaining nearly 11% since December 1st. 

Meanwhile, ETH surged 13%, breaking above $3,075, supported by two major catalysts.

First, Bitcoin’s momentum revived the entire altcoin sector. Second, Ethereum’s network saw another significant upgrade, which is the Fusaka rollout on December 3rd. Building upon Pectra, Fusaka introduces peer data availability sampling, targeting 40%–60% lower Layer-2 fees. 

Since Ethena runs on Ethereum, this upgrade has indirectly supported ENA crypto’s latest demand surge, too.

As a result, ENA price USD jumped 18% intraday, lifting its market capitalization to $2.04 billion.

21Shares Launches Ethena ETP, Adding Institutional Tailwinds

Adding to the momentum, 21Shares announced the launch of the 21Shares Ethena ETP (EENA) on December 3rd, alongside the Morpho ETP. These products push their new fully physically backed ETP lineup to 16 in 2025, strengthening institutional access to ENA.

The debut of the ENA ETP enhances liquidity pathways for ENA crypto, increasing exposure among traditional investors and potentially supporting the broader ENA price forecast for December.

FAQs

What is Ethena?

Ethena is a synthetic dollar and internet-native yield platform built on Ethereum. At the core of Ethena’s ethos lies USDe, a synthetic dollar designed to promote stability and scalability within the DeFi ecosystem. 

Is Ethena a good investment?

Yes, Ethena might definitely be a good investment, if you are looking to invest for the long term.

How high can the ENA price go by the end of 2025?

The price of ENA could potentially claim the $2.37 mark in 2025.