$ETH Reaches $3,800, Challenges Institutional Sentiment.
Ethereum surged past $3,800 on July 29, 2025, outperforming Bitcoin in July. The rally, driven by rising institutional interest in Ethereum ETFs and a potential short squeeze, signals strong bullish momentum. Experts see ETH nearing $4,000, with short positions at risk above this level. Increased activity on Layer 2 protocols and growing DeFi trading volumes further boost confidence. Analyst Crypto Rover notes ETH’s reclaim of $3,800 as a key indicator of strength, with major ETFs reallocating toward Ethereum. This rally fuels speculation of a potential "flippening" with Bitcoin, solidifying ETH’s role as a core asset in retail and institutional portfolios.