The cryptocurrency market is showing signs of recovery after a recent correction. Ethereum and Sui are displaying positive trends that are catching investor attention.
Ethereum's Recovery
Ethereum (ETH) has bounced back to $3,775 after briefly dipping to $3,509. This market growth follows a recent correction and marks a strengthening position in the cryptocurrency arena.
Harmonic Pattern of Sui
Sui (SUI) is up 5% today, increasing its monthly gains to 60%. Technical analysis indicates the formation of a harmonic pattern that could herald significant price movements. Sui is shaping a 'Bearish Butterfly' pattern, which often leads to strong rallies in its final stages.
Sui's Growth Prospects
If the harmonic pattern plays out as expected, Sui could reach levels of $5.36 and $6.36, corresponding to the 1.0 and 1.272 Fibonacci extension of the XA leg. This could represent a potential 50% upside from current levels. Considering the overall market trends, the coming weeks could be pivotal for Sui.
The cryptocurrency market is recovering, with both Ethereum and Sui showing positive indicators. Monitoring further developments will be crucial for investment decisions.
