Bloomberg analyst: If ETH falls to $1500, Tether's market cap will surpass ETH

Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, stated, "If ETH falls to $1,500, Tether's market cap will surpass ETH. The most enduring trend in the crypto market is Tether surpassing everything, with only Bitcoin and Ethereum remaining unchallenged. Tether is expected to exceed its market cap as Ethereum approaches its critical support level of around $1,500. Previously, Ethereum has broken below the key support level of $2,500 since 2024. I believe that ultimately Tether may even surpass Bitcoin, which is currently around $10,000."