Against the backdrop of a strengthening overall market, ENA prices continue to rise, but the underlying signals are mixed. Revenue in the first quarter of 2026 is expected to reach approximately $566,000, surpassing the $463,000 in Q4 2025, indicating a rebound in on-chain activity. Derivatives data shows a positive funding rate and an increase in open interest, supporting a bullish momentum. However, spot market data indicates a net outflow of about $1.8 million on February 25, suggesting profit-taking. Tokens worth approximately $4.16 million set to unlock on March 6 may influence recent price movements.