Headline: ETF buzz lifts Sui as BTC strength fuels altcoin rally — but weekly structure still fragile Bitwise’s Dec. 31 filing for 11 crypto ETFs — which named Sui among the contenders — helped spark a sharp short-term move in SUI. The token jumped roughly 19% over three days as ETF optimism rippled through the market, and Bitcoin’s push toward the $90k area added broader bullish momentum. At the same time, Bitcoin Dominance has slipped since Dec. 30, signaling that altcoins are enjoying relative strength across the board. Technical snapshot - Weekly picture: The weekly chart remains structurally bearish, yet a bounce is underway. A weekly close above $1.79 would suggest bulls have at least temporary control and open the door to higher Fibonacci resistance around $2.95 and $3.40. Despite the recent rally, weekly momentum and buying pressure do not yet show clear strength, so any follow-through should be treated cautiously. (Chart reference: SUI/USDT on TradingView.) - Daily and range levels: SUI was trading above a key range high at $1.68. A daily close above that range extreme would be a stronger signal of bullish conviction; failure to clear or hold the range could presage rejection and renewed downside — though the immediate odds currently favor a breakout. - Internals: On-chain and chart indicators paint a cautiously optimistic picture: On-Balance Volume (OBV) is trying to push higher and the Awesome Oscillator has produced a bullish crossover, both consistent with rising demand and momentum on shorter timeframes. Market context and trading implications Bitcoin’s move through local resistance near $90k has lifted sentiment across crypto markets, helping altcoins like SUI outperform as BTC dominance declines. Traders watching SUI can look for confirmation via a daily/weekly close above the noted levels; breakout buyers may target the $2.95–$3.40 zone if momentum persists. However, the weekly structure’s lack of robust buying pressure warns that any rally could be vulnerable to reversals without sustained volume and follow-through. Bottom line: ETF headlines and BTC strength have catalyzed a notable short-term rally in SUI, but the longer-term weekly structure remains fragile. Confirmation via daily and weekly closes, alongside volume support, will be key to turning this bounce into a sustained uptrend. Disclaimer: This article is informational only and does not constitute financial, investment, or trading advice. Crypto trading carries high risk; do your own research before making any decisions. © 2026 AMBCrypto. Read more AI-generated news on: undefined/news

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