Ethena Price Surges as Momentum Strengthens Amid Growing Derivatives Activity

Ethena's price has been on a strong rebound in the crypto market after falling to local lows around $0.083.

The token has climbed to nearly $0.13, extending its recovery as buying pressure builds.

Open interest has surged to over $550 million, indicating stronger participation in the derivatives market.

Traders are watching whether momentum can carry Ethena through the next major resistance level at $0.14 or if sellers step in again.

A daily close above $0.14 would be a significant milestone, potentially converting a former supply zone into support and strengthening the path toward the $0.18 region.