After Mysten Labs released a research report highlighting the privacy features of Ethereum (SUI) compared to Ethereum and Solana, SUI surged 17% within 24 hours, approaching $1.90, reaching a two-month high. On-chain data shows trading volume skyrocketed to $967.43 million, the highest level since early December, indicating renewed trader interest. Technical analysis suggests SUI is poised to break out of a descending wedge and could potentially reach $2.70. Additionally, asset management firms like Bitwise are pushing forward with plans to launch a futures SUI ETF.
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After Mysten Labs released a research report highlighting the privacy features of Ethereum (SUI) compared to Ethereum and Solana, SUI surged 17% within 24 hours, approaching $1.90, reaching a two-month high. On-chain data shows trading volume skyrocketed to $967.43 million, the highest level since early December, indicating renewed trader interest. Technical analysis suggests SUI is poised to break out of a descending wedge and could potentially reach $2.70. Additionally, asset management firms like Bitwise are pushing forward with plans to launch a futures SUI ETF.