Ethereum continues to hold above a key support level, creating conditions for further growth. The impact of a recent OKX campaign is also noteworthy.
Current Ethereum Price
Ethereum price remains above the $3,550 support level, showing strong bullish momentum. Technical indicators suggest a possible rise to the $3,900–$4,200 range, with a key breakout level at $3,750. Sustained inflows into Ethereum ETFs have reduced available supply, further strengthening the case for continued rally.
OKX Giveaway: Market Influence
Recently, OKX launched a promotional campaign giving away up to 20 million PUMP tokens, with individual rewards of up to 7,850 tokens for completing trading and referral tasks. While the giveaway focuses on PUMP rather than ETH, increased platform activity could spill over into Ethereum trading. Historically, giveaways boost short-term engagement and trading volumes, but without direct ETH incentives, the impact on Ethereum’s price is likely to be indirect and temporary.
Ethereum Price Predictions
Here are the price prediction scenarios for Ethereum:
| Scenario | Target Range | Drivers | |-----------------------------|--------------------|-----------------------------| | **Bullish Breakout** | $3,900–$4,200+ | ETF inflows, breakout above $3,750, strong market sentiment | | **ATH Test** | $4,800+ | Momentum continuation, ETF demand, broader market rally | | **Moderate Pullback** | $3,200–$3,600 | Overbought RSI, profit-taking | | **Bearish Rejection** | Below $3,200 | Resistance rejection, macroeconomic headwinds |
A confirmed breakout above $3,750 could open the door to $4,150–$4,200. If buying pressures remain strong, the ATH of $4,878 could be back in sight.
Maintaining support above $3,550 keeps the bullish narrative alive for Ethereum. The path towards new all-time highs will depend on sustained institutional buying and ETF inflows.
