Ethereum's price surged 4.5% to $1,980 on July 27, driven by significant institutional confidence boosts.
The rally was fueled by $104 million in ETF inflows and Circle's OCC approval, which liquidated $113 million in short positions.
Despite the bullish momentum, some analysts warn of a potential dip to $1,300 before a longer-term recovery toward $3,950.
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