Ethereum – Why THIS Tether ratio could decide ETHs next rally
Ethereum could be showing early signs that the market is closing in on a major rally. The asset has bled capital since peaking in September 2025, with its market valuation falling by $373.83 billion—a drop larger than its present valuation. Data, however, shows Ethereums market capitalization could hold the answer to whether the downtrend remains in play or a reversal is near. Ethereum and Tether market caps converge for the first time Ethereum‘s market capitalization and Tether’s have hit the same level for the first time ever, both reaching roughly $186.87 billion. While the convergence is a rare occurrence on its own, the ratio tracking these two assets against each other reveals something more important—it has reached the support of the descending channel it trades within. Source: Alphractal The ratio, now at 1.03, has touched that support, and trading in this zone has previously marked $ETH‘s bottom and led to a rally. More broadly, the indicator has correctly called Ethereum’s turning points on eight occasions—four tops and four bottoms. If the pattern holds, Ethereum could begin a multi-week rally that recovers the capital that exited the asset over the past couple of months. US investors are sending mixed signals on Ethereum US investors are one group to watch, with
