Fundstrat co-founder Tom Lee said the highest rise in oil prices since the US-Israel war has weighed on Ether prices consistently over the past three months.
“If anyone is wondering why Ethereum is under selling pressure, to me the rise in oil prices is the biggest headwind,” Lee said. said On Monday X.
Lee said the inverse correlation between Ether prices and crude oil is at an all-time high. Oil prices rose 66% from $65. Over $100 per barrel Since the war between the US and Israel began on February 28th.
WTI crude oil soared again on Monday in response to US President Donald Trump, hitting $108 and Brent crude at $111. said On Sunday’s Truth Social, Iran reported that “the clock is ticking” towards a deal to open the Strait of Hormuz.
A prolonged war between the United States and Iran could put further weight on ether, which has largely traded sideways during the conflict. The decline has accelerated over the past week, with the asset dropping nearly 10% and dropping to $2,100 on Monday, a 57% drop from its all-time high.
The inverse correlation between ether and oil is at an all-time high. sauce: fund strut
Falling oil prices will have an impact $ETH recovery
Mr Lee said a reversal in oil prices would have the following consequences: $ETH Prices are recovering, and he describes the current situation as “short-term tactical noise.”
He said the bigger driver for Ether is tokenization and agent AI. “These structural factors are in place. So we’re hopeful.” $ETH Prices are likely to strengthen further into 2026. ”
Related: Ethereum Foundation Achieves “Gramsterdam” Milestone, Appoints New Protocol Leader
Ethereum is the leading network for real-world asset tokenization, with over 60% market share when including layer 2 networks. Meanwhile, major financial institutions such as BlackRock and JPMorgan have recently launched tokenized funds on Ethereum.
The story of agent AI stems from the prediction that AI payment agents will not be able to access bank accounts. Use cryptographic tokens like $ETH Or stablecoins for payments.
Ether price faces multifactorial pressure
But ether is also under pressure from other macroeconomic headwinds, as its correlation with risk assets means it takes a bigger hit in the event of a decline.
Andri Fauzan Adziima, research director at Bitrue Research Institute, told Cointelegraph on Monday that oil prices are not the only factor influencing Ether, and that there are “multifactorial pressures.”
“These are some of the key headwinds for macro, but $ETH Selling pressure is also driven by ETF outflows, rising foreign exchange reserves/whale selling, and growing risk-off sentiment. $ETHis underperforming against Bitcoin,” he said.
Related: $ETH 2. Stalled 5 times at $24,000, SOL rises to $120: Market movement
