Ethereum, Solana, or Sui: The Layer 1 Showdown You Didn’t Know You Needed!

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As the mighty Bitcoin (BTC) readies itself to possibly leap over its own shadow and touch the stars, the big boys of the blockchain world—those layer 1 titans—are dusting off their boots, preparing to follow suit. The question on everyone’s lips, or perhaps just in the back of their minds while they sip their coffee, is: which of these contenders—$ETH, $SOL, or $SUI—will make the most dazzling gains in the short term? 🤔

$ETH: Is the Month of Stagnation Finally Coming to an End?

After breaking free from the shackles of a descending trendline that had been hanging around since mid-December 2024 like an unwanted guest, the price of $ETH shot up like a rocket, achieving a glorious 50% gain. But alas, the resistance at $2,700 stood firm, like a bouncer at a club, and $ETH has been shuffling between this level and the $2,400 support like a confused dancer. 💃

It seems to be just a matter of time before $ETH breaks through this overhead resistance and struts its way up to $3,500. The longer it continues to meander sideways, the more explosive its next move could be—like a soda bottle shaken too long! 🍾

$SOL: Breaking Free from the Trendline Chains

The daily chart for $SOL tells a tale of resilience, as the price dipped down to the 0.5 Fibonacci level—quite a deep dive, if you ask me. But like a cat with nine lives, it bounced back and has now broken through a short-term descending trendline. 🐱

The daily Stochastic RSI is trending upwards, suggesting that the $SOL bulls might just be gearing up to make a local higher high beyond $187, which is a significant horizontal resistance level. If $SOL can hold its ground above this level, it could pave the way back to its all-time high. Talk about a comeback! 🎉

$SUI: Bouncing Back from the Brink

Now, let’s turn our gaze to $SUI, which is currently enjoying a bounce from a major support level. The weekly time frame shows that last week’s candle body closed above the $3.19 horizontal support, leaving a nice little wick underneath—proof that the bulls are still in the game, holding this level like a lifeline. 🐂

It looks like a bounce is underway, and if the price can rise above the current resistance, the next stop could be $4. The weekly Stochastic RSI indicators are starting to flatten out, and if they can keep it up and maybe even bounce at the 50.00 level, we might just be in for a wild ride with $SUI. 🚀

If all the stars align for these three layer 1s, $ETH could be poised to rise by 36% from its current price, while $SOL and $SUI might both see a 20% increase. But remember, much depends on how enthusiastically investors rally behind these altcoins. 🤑

And let’s not forget, the market cap of $ETH is about four times that of $SOL and a whopping thirty times that of $SUI. So, moving the price of $SOL requires a lot less effort, while $SUI might need a small army to make waves. Who knew investing could be such a workout? 💪

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2025-06-09 23:38