Ethereum (ETH) is expected to record its first 'red monthly line' since December 2024 in May, marking the return of a long-awaited monthly upward momentum. In the past week, the price of ETH has accumulated an increase of over 42%, once approaching the $2,500 mark, with market sentiment clearly warming.
However, despite the recent strong rebound, the current price of ETH is still below the 2023 peak. Against this backdrop, other standout projects have also attracted investor attention, especially Sui (SUI) and the emerging AI+DeFi project Unilabs (UNIL), both of which have shown particularly impressive performance.
SUI has surged over 45% in the past week, and the recently announced Q1 financial report has ignited strong bullish expectations for its ecosystem. Meanwhile, Unilabs, as the first project to combine AI technology with decentralized asset management, has surpassed $30 million in managed assets, with its presale price only at $0.004, sparking investor discussions and a buying frenzy.
Ethereum (ETH) price rebounds from a key support level
Since breaking below the critical support level of $1,500 in early April, Ethereum (ETH) has remained in a weak adjustment phase, with market sentiment leaning towards pessimism. However, as the macroeconomic environment gradually warms up, ETH has finally escaped the long-term downward channel, reigniting bullish signals.
On May 11, the price of Ethereum strongly broke through the upper trend line, releasing a technical signal of strengthened momentum, leading to a weakening of market downward expectations. Meanwhile, the RSI indicator also successfully broke through the critical value of 55, further confirming that bullish forces are regaining control of the market landscape.
Currently, Ethereum (ETH) has established a strong support area around $2,397. On-chain data shows that over 4 million addresses hold approximately 6.75 million ETH near this price level, forming a significant cost concentration zone. This means that once a pullback occurs, this area will provide a solid buying foundation.
Due to significant bullish demand outweighing selling pressure at this critical price level, the price trend of Ethereum has shown signs of a breakout. If subsequent momentum continues to strengthen, ETH is expected to challenge the resistance level of $2,700 and further recover the key price range of 2023.
Sui (SUI) stock price is expected to break through $4, supported by its Q1 financial report, with a weekly increase of over 45%
The Sui blockchain has demonstrated strong ecological growth momentum in Q1 2024, with DEX trading volume surging by 245% year-on-year, highlighting a dual increase in user activity and developer participation. The deployment and expansion of protocols like Walrus further enrich its infrastructure, driving the ecosystem towards greater self-sufficiency.
This series of data not only proves that Sui's penetration in the DeFi space continues to strengthen, but also lays a solid foundation for its long-term development. With the advancement of the BTCfi module and frequent overall ecological activities, the SUI token has started to form a growth flywheel effect. On May 8 (Thursday), SUI's daily increase exceeded 10%, strongly breaking through key resistance levels, and recorded a cumulative increase of over 45% in the following week, showing a clear rebound momentum.
The current rebound is significant for the SUI token. After enduring months of adjustment, SUI has been under pressure since it hit a high of $5.35 four months ago, falling into a downward trend. If it can effectively break through the key resistance level of $3.92, it is expected to establish a new upward cycle, further pushing the price to challenge the $4.00 mark. If momentum continues to be released, there is a possibility of the price challenging historical highs again. At the same time, with the continuous expansion of the SUI blockchain ecosystem, its upward potential in the second quarter will continue to strengthen.
Unilabs (UNIL): The Encounter of Artificial Intelligence and DeFi
Unilabs (UNIL) is a decentralized asset management platform that combines artificial intelligence and blockchain, aiming to integrate AI-driven strategies into DeFi architecture and traditional financial concepts. The platform currently manages over $30 million in assets and includes four specialized AI investment funds covering areas like BTC, artificial intelligence, and mining, designed to provide users with diversified market strategies and risk exposure.
Unilabs' core advantage lies in its innovative tokenized return on investment (ROI) model, allowing users to track changes in asset net worth in real-time by holding yield-bearing tokens. Additionally, the platform introduces a staking mechanism that not only enhances user returns but also improves overall ecosystem liquidity. Meanwhile, Unilabs adopts a multi-strategy execution framework, enabling the AI system to intelligently switch between multiple market segments based on real-time data, including highly volatile assets like meme coins, achieving flexible and efficient asset allocation.
To encourage community participation and development, Unilabs will introduce a referral mechanism, allowing users to earn rewards by inviting others to join the UNIL ecosystem while also learning about the platform's revenue opportunities. UNIL has raised over $225,000 in funding, with an entry price of only $0.004.
Will Unilabs (UNIL) match the previous rebounds of Ethereum (ETH) and Sui (SUI)?
As the price of Ethereum strengthens, the SUI blockchain also experiences significant gains. On the other hand, Unilabs, with its AI-driven asset management tools designed for institutional and retail investors, occupies a favorable position in the rapidly expanding AI sector. The current low entry threshold provides investors with the opportunity to position themselves ahead of UNIL's further price increases and capture potential growth dividends.