Ethena ($ENA) is showing a weekly breakout from multi-month consolidation, currently trading around $0.5669. The Ethena Foundation's commitment to a $260 million open market buyback over the next six weeks, equating to $5 million daily buying pressure, is expected to provide a strong price floor and upward momentum. This, combined with the "GENIUS Act" legalizing stablecoins in the US and Ethena's 10%+ yield on billions in AUM, positions $ENA as a high-conviction long opportunity.