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Joao Wedson reports that, for the first time in history, Ethereum’s market cap has reached parity with Tether’s market cap.
Wedson also highlights the significance of the Tether Market Cap vs Ethereum Market Cap Ratio, mentioning that it has produced trendlines marking precise tops and bottoms.
Wedson has previously noted that many on-chain analysts have shifted toward narrative-driven analysis in the crypto sector. He has also analyzed how the Bitcoin to Ethereum exchange reserve ratio can signal when Ethereum may outperform Bitcoin. These observations come as the market continues tracking key ratios and performance indicators.