Tether stablecoin flips Ether by market cap as ETH routs to $1.5K

60-second summary

Ether's market value is currently surpassed by Tether's stablecoin, a first in its history, with Ether plummeting to $1.5K. Prices are back at long-term support levels last seen in October 2023 and April 2025, a critical juncture for investors. Market volatility intensifies as Ethereum's value teeters, sparking concerns about the asset's stability and investor confidence in the cryptocurrency market.