<ul data-eligibleForWebStory="true"><li>BaFin, Germany's financial regulator, has ordered a 42-day USDe redemption, forcing Ethena GmbH operations to cease.</li><li>ENA price is struggling near $0.26 support amid regulatory uncertainties and consolidation.</li><li>A potential upside could occur if ENA breaks above $0.2700, with targets at $0.2735 and $0.2768, while a break below $0.26 could lead to further decline.</li><li>BaFin and Ethena GmbH reached an agreement for a supervised USDe redemption process, with a deadline set for August 6 for EU holders.</li></ul>

Ethena price forecast as BaFin orders 42-day USDe redemption

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