Sui Crypto Struggles Amid Downtrend, Ethereum Shows Strong Fundamentals

The cryptocurrency market is known for its unpredictability, with prices experiencing sudden drops and climbs. The current trend in Sui crypto is a clear downtrend, with the token trading near $0.94 after falling over 80% from its all-time high of $5.35.

Despite recent price bounces, the charts show lower highs forming since January, a classic bearish signal. Indicators such as the Money Flow Index and RSI suggest weakness rather than a true reversal, even though the coin appears oversold.

Ethereum, on the other hand, shows strong developer activity with 9.1 million contracts deployed. On-chain use is also booming, with NFTs seeing $12.6 million in volume and DApps jumping 1,135% to $180 billion weekly.

However, the Ethereum price remains cautious due to short-term speculation, with traders focused on short-term moves rather than long-term growth. The network's foundation is solid, but price rallies are likely temporary without big flows from Bitcoin or more spot buying.