After a significant 21% surge due to Powell's speech, Ethena (ENA) shows signs of a correction. Despite daily charts indicating weakness, persistent interest from whales and long-term investors remains a crucial support for this asset. Recent data reveals whales accumulated 32 million ENA, and over $24 million worth of ENA left exchanges, indicating strong accumulation. However, ENA has dropped 5.35% to $0.70, with a major decrease in trading volume. Technical analysis suggests potential further declines, but an upward trend since July 2025 offers hope for a new price rally.