Date: Sat, Oct 18, 2025 | 03:01 PM GMT
The cryptocurrency market is showing mild weekend relief after a choppy week, with both Bitcoin (BTC) and Ethereum (ETH) turning green today. Amid this stabilization, several altcoins are showing slight strength — including Ethena (ENA), which has surged over 10% in the past 24 hours.
Source: Coinmarketcap
But beyond the short-term rally, ENA’s 4-hour chart is flashing a key harmonic pattern that could hint at a potential continuation move to the upside.
Harmonic Pattern Hints at Potential Upside
On the 4H chart, ENA is shaping up within a Bearish Gartley harmonic pattern, a formation that, despite its name, often precedes a bullish leg before completing in the final reversal zone.
The pattern began at point X ($0.6099), dropped to A, bounced to B, and then corrected lower to C ($0.3788). Following that, ENA has made a strong recovery and is now holding firm around $0.4648, trading comfortably above its 50-hour moving average (MA) at $0.4307 — a sign of strengthening short-term momentum.
Ethena (ENA) 4H Chart/Coinsprobe (Source: Tradingview)
What’s Next for ENA?
If the pattern continues to unfold, the Potential Reversal Zone (PRZ) lies between $0.5397 and $0.6099, aligning with the 0.786 and 1.0 Fibonacci extensions. A move into this region would represent a potential 31% upside from the current price levels.
However, for this bullish outlook to stay intact, ENA needs to maintain support above the 50-hour MA ($0.4307). A minor retest of this zone would be normal, but a decisive break below could weaken the momentum and delay further gains.
As long as ENA stays above this critical support and volume remains steady, the setup suggests that bulls may still have room to push toward the upper harmonic targets in the coming sessions.
