Ethereum Price Still Stuck Below 2023 Levels, Why is ETH Struggling While SUI & UNIL Explode

By: bitcoin ethereum news|2025/05/16 09:45:05
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Ethereum (ETH) is set to start May with a positive monthly candlestick since December 2024. This comes after the Ethereum price surged by over 42% in a week, bringing it closer to the $2,500 levels. However, despite the rally, the Ethereum price is still stuck below its 2023 levels, as Sui (SUI) and a new project known as Unilabs (UNIL) continue to record impressive gains. Sui’s price movement has already recorded a weekly rally of over 45%, reigniting bullish sentiment toward the SUI blockchain, backed by its Q1 report. Similarly, Unilabs, the first AI-backed DeFi asset manager, with more than $30M AUM, has already grabbed investors’ attention with a presale price of just $0.004. Ethereum (ETH) Price Bounces Off Key Support Levels Ethereum price has been hovering within a bearish outlook as the ETH token dipped below the $1,500 level earlier in April. However, amid the improving macroeconomic conditions, the Ethereum price movement has regained a bullish outlook, after breaking out of a descending channel. On May 11th, the Ethereum price surged above the upper trendline, suggesting a potential improvement in momentum while invalidating the bearish outlook. This has seen its RSI move above the 55 level, indicating a building bullish momentum. Ethereum’s strongest support lies within the $2,397 level, where over 4M addresses hold 6.75M ETH in profit. With the ETH demand outweighing selling pressure at key levels, the Ethereum price movement seems ready to break through these resistance zones, targeting the $2,700 level and potentially reclaim 2023 price levels. Sui (SUI) Eyes $4 Amid Over 45% Weekly Surge Backed By Its Q1 Report The SUI blockchain has experienced a significant boost in activity with a staggering 245% surge in DEX volume during the first quarter of the year. This indicates the rising user adoption and developer activity within the SUI blockchain. The expansion of protocols such as Walrus within the SUI blockchain has contributed to a more complete yet self-sufficient ecosystem. The Q1 performance also paints a promising future for the SUI blockchain. The surging Sui DeFi volume, expanding BTCfi, and increased ecosystem activity will create a powerful flywheel effect for the token. On Thursday, 8th, Sui recorded an over 10% daily surge to break above a key barrier, followed by a weekly rally of over 45%. Source: CoinMarketCap This rally is significant for the SUI token, which has been on a multi-month dipping trend since hitting its ATH of $5.35 four months ago. A rally above the $3.92 level will also confirm another major rally, which could propel Sui’s price movement toward the $4.00 resistance level, putting a new all-time high on the menu if it holds momentum. Additional SUI blockchain growth will also add to its uptrend momentum in Q2. Unilabs (UNIL): Where AI Meets DeFi Unilabs (UNIL) is a decentralized asset management platform that merges artificial intelligence-driven strategies with DeFi and traditional finance principles. The platform features more than $30M in assets while offering access to four specialized AI-powered funds, including BTC Fund, AI Fund, and Mining Fund, providing users with exposure to different market trends and risks. Unilabs’ key innovation lies with its tokenized ROI model, enabling users to hold yield-backed tokens with real-time NAV tracking. Moreover, investors can boost their earnings through staking, generating passive income while enhancing the ecosystem’s liquidity. Unilabs will also leverage a multi-strategy execution approach, allowing artificial intelligence to shift between market segments, including meme coins, on real-time data. To encourage community engagement and growth, Unilabs will incorporate a referral layer, allowing users to earn by bringing others into the UNIL ecosystem, all while being educated on the platform’s income-generating opportunities. This has already seen UNIL raise over $225K in funding with a low entry price of just $0.004. Will Unilabs (UNIL) Match Ethereum (ETH) and Sui (SUI) Previous Rallies? The SUI blockchain has registered massive gains as the Ethereum price regains a bullish outlook. On the other hand, Unilabs is well-positioned to capitalize on the ever-growing AI market by providing accessible, AI-driven investment tools tailored to institutional and retail investors. Its low entry price also gives investors a unique opportunity to join in early before the UNIL price surges. Join The Movement: Buy Presale Website Telegram Source: https://coinpedia.org/press-release/ethereum-price-still-stuck-below-2023-levels-why-is-eth-struggling-while-sui-unil/

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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