Ethena Crashes and Support: The Crypto Soap Opera You Didn’t Know You Needed

Martinez employs the mystical CBD (cost basis distribution) model—think of it as on-chain astrology—that reveals where the treasure chests of ENA are buried at various price levels. According to this oracular system, support zones are emerging around $0.47 and $0.44, where the tokens have amassed into sizable hoards, akin to dragons guarding their gold. Should the market mood sour and push ENA beneath this protective layer, brace yourselves for the $0.35 zone, a veritable redoubt held by a $1 billion ENA supply cluster, as indicated by the deepest red on the chart—probably the financial equivalent of a bunker in wartime.



