ChainCatcher News, senior commodities strategist at Bloomberg Intelligence Mike McGlone stated, “If ETH drops to $1,500, Tether’s market cap will surpass ETH. The most persistent trend in the crypto market is Tether surpassing everything; currently, only Bitcoin and Ethereum have not been overtaken. Tether is expected to exceed its market cap when Ethereum falls near its key support level of about $1,500. Previously, Ethereum broke below its key support level of $2,500 since 2024. I believe that ultimately, Tether may even surpass Bitcoin, which is currently around $10,000.”
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