Date: Fri, May 16, 2025 | 07:40 PM GMT
The cryptocurrency market has seen a much-needed revival in recent weeks. After a brutal Q1 that saw Ethereum (ETH) fall by 45%, the second-largest crypto has now surged over 62% in the past month and is trading near $2,600 — its highest level in months. This renewed bullish sentiment is not just limited to ETH. It’s lifting altcoins across the board, including Ethena (ENA).
ENA has gained over 47% in the last month, trimming its yearly losses to 56%. Now, a compelling fractal pattern is emerging — one that could suggest the recovery isn’t over just yet.
Source: Coinmarketcap
ENA Mirrors SUI’s Historical Breakout
As highlighted by crypto analyst @CryptoBullet1 , the current price structure of ENA in 2025 looks strikingly similar to the price action of SUI in 2024. When comparing the two charts side-by-side, a clear pattern emerges — a bullish fractal.
ENA and SUI Fractal Chart/Source: @CryptoBullet1 (X)
The structure includes:
- [1] Listing Pump: A strong move shortly after launch.
- [2] Second Resistance Attempt: A failed breakout that results in a pullback.
- [3] Third Attempt & Breakout: The moment of bullish confirmation.
Importantly, both charts also show the formation of “Higher Lows” after each correction, indicating strengthening bullish momentum. This setup suggests that ENA could be gearing up for a similar third test of resistance — and potentially a breakout like SUI did last year.
Upside Targets If History Repeats
If ENA follows the same fractal as SUI, the next upside phase could trigger significant gains. The analyst lays out three major targets:
- Target 1: $1.27 – A retest of the current resistance zone.
- Target 2: $2.68 – 1.414 Fibonacci extension level.
- Target 3: $3.80 – 1.618 Fibonacci extension, mirroring SUI’s final move.
Conclusion
With the broader market showing strength and ENA forming a structurally bullish pattern, the odds of continuation look increasingly favorable. While nothing is guaranteed in crypto, fractals like this offer helpful context — especially when supported by improving sentiment and price action.
Keep an eye on that third resistance test. If ENA breaks above it, the next leg up may come quicker than expected.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
