Ethereum and Sui poised for gains if Bitcoin hits new highs

Ethereum (ETH) and Sui (SUI) are positioned to experience significant gains if Bitcoin (BTC) manages to break out to new all-time highs. Both ETH and SUI are currently showing bullish patterns that could drive their prices higher in the near future.

ETH has recently broken out of a falling wedge pattern, which is a bullish indicator. The price action has been consolidating after the breakout, and it may retest the strong support level at $2,500 before moving higher. The weekly time frame shows that $2,500 could become a critical support level for ETH, providing a base for the next surge higher. The last swing high at $4,100 is the target for ETH, and failure to get above this level would mean a failed rally, making $2,500 into critical support.

SUI, on the other hand, is in its second successive bull flag after breaking beyond its own major descending trendline. A breakout of this current bull flag would likely provide the impetus to also break through the $4.10 horizontal resistance level. The daily time frame shows that a break through the $4.10 resistance level and consolidation above it would leave the path open for the bulls to make an assault on the $5.36 all-time high. The current bull flag could help the bulls to get halfway there with a measured move to around $4.67.

In summary, both ETH and SUI are showing bullish patterns that could drive their prices higher if BTC breaks out to new all-time highs. ETH is consolidating after breaking out of a falling wedge pattern, and $2,500 could become a critical support level for the next surge higher. SUI is in its second successive bull flag, and a breakout of this pattern could provide the impetus to break through the $4.10 resistance level and make an assault on the $5.36 all-time high.