Ethereum News Today: Sui Surges 8% as AMINA Launches Institutional Trading Services

Generated by AI AgentCoin World
Friday, Aug 8, 2025 10:02 am ET1min read
Aime RobotAime Summary

- SUI surged 8% in 24 hours, nearing its $5.35 all-time high, driven by AMINA’s institutional trading and custody services launch.

- Technical analysis highlights a potential $5.36-$10 bullish breakout as SUI approaches a symmetrical triangle pattern apex with rising RSI and MACD momentum.

- SUI’s 490% annual gain and $13.4B market cap position it to outperform Ethereum, with analysts citing institutional adoption and smart contract innovation as key growth drivers.

Sui (SUI) has surged more than 8% in the past 24 hours, reigniting interest among traders and analysts as it inches closer to its previous all-time high of $5.35. This uptick followed a major development: Swiss bank AMINA became the first institution to offer trading and custody services for

SUI
, signaling growing institutional adoption and recognition of the token's potential [1]. SUI is now trading at $3.81, just 29% below its 2025 peak, and has outperformed both
Bitcoin
and
Ethereum
in the recent market rally. Over the past year, it has risen by an impressive 490% since August 8, 2024, pushing its market capitalization to nearly $13.4 billion. This has positioned SUI as a strong contender to surpass the market caps of
Stellar
(XLM) and Hyperliquid (HYPE).

From a technical analysis perspective, SUI appears to be approaching the apex of a symmetrical triangle pattern, a setup often associated with a sharp directional breakout. The convergence of key support and resistance levels suggests two potential paths: a bullish breakout toward $5.36, and eventually a target of $10, or a retracement to support levels near $3.20 and, if broken, $1.80. According to analysts' forecasts, the bullish scenario remains more likely given the current market context and the catalysts such as AMINA’s integration and rising on-chain stablecoin activity [1]. The Relative Strength Index (RSI) is currently at 56.62, below the overbought threshold but showing an upward trend, which indicates growing buying pressure. Additionally, the MACD histogram has turned green, reinforcing the short-term bullish momentum.

Analysts are closely watching whether SUI can maintain its current levels, as a successful breakout could drive it toward the $10 target within the coming weeks. SUI’s strong fundamentals—rooted in advanced smart contract capabilities—have led to its moniker as an “Ethereum killer.” This, combined with growing institutional interest, suggests that SUI could continue gaining traction in the market. If it maintains its rapid development pace and outperforms larger chains like Ethereum or

Solana
, the token may see further upside potential.

While SUI continues to gain momentum, some investors are also turning their attention to early-stage crypto projects, such as meme tokens with unique utility features. However, this content is beyond the scope of the SUI price analysis and does not appear in the original news provided [1].

[1] Sui Price Prediction: Massive 8% Spike Puts SUI Back on Traders’ Radar – New All-Time High Ahead? (https://cryptonews.com/news/sui-price-prediction-massive-6-3-spike-puts-sui-back-on-traders-radar-new-all-time-high-ahead/)