SUI: The ETF turning point is capturing everyone's attention.SUIUSDT SPOTBITGET:SUIUSDTduydaocoinSUI, the native token of the Sui blockchain network, is currently trading around $0.7117 as investors monitor a key support zone near the $0.695–$0.704 range. Investors are watching closely to see if buyers can hold this level following a sharp decline from $0.77 earlier in the week. ETF launches and staking activity are boosting SUI's market presence. + In a significant development for the token, two Canary Capital ETFs launched SUIS on Nasdaq, while Grayscale introduced GSUI on NYSE Arca, offering institutional investors and traders regulated access to SUI. SUIS also provides holders with staking income benefits. + Coinbase, the largest US-based cryptocurrency exchange, has also enabled users to stake SUI directly, allowing them to earn rewards for holding the token. Despite these advancements, SUI has recorded a decline of approximately 5% over the past 24 hours amidst a broader market downturn. + Data from Coinglass indicates robust activity in the SUI derivatives market, with open interest figures of $48.68 million and $53.25 million across leading platforms, reflecting a difference of $4.57 million. Traders are closely monitoring support levels, ETF demand, staking inflows, and futures trading activity, all of which could influence short-term price movements. Key support lies around the $0.66 level, while resistance is situated near $0.82. The technical outlook suggests SUI is balancing between short-term downside risk and the potential for a rapid recovery should momentum shift upward. The current zone is considered pivotal for the asset's price trajectory. Outlook: + Bullish scenario: A close above $0.722 would reinforce the bullish outlook and potentially trigger a rally toward $0.78. + Bearish scenario: If SUI closes below $0.695, the next support levels are $0.673 and subsequently $0.659. Prolonged weakness could test the broader support zone between $0.60 and $0.75. Through Bitget's UEX platform, traders can buy or sell SUIUSDT using a single Bitget account.