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Tom Lee, founder of Fundstrat and head of BitMine, the largest Ethereum company, has made new statements regarding Ethereum ($ETH).
Tom Lee, who stated that he is very optimistic about $ETH, analyzed the reasons that caused the price to fall.
Tom Lee, posting from account X, stated that Ethereum is facing selling pressure in the short term, particularly due to rising oil prices.
Lee argues that the increase in oil prices over the past six weeks is the main reason for the decline in $ETH prices.
Lee notes that the negative correlation between $ETH and oil prices is at an all-time high, suggesting that $ETH could recover if oil prices fall.
However, Lee notes that the oil-$ETH price relationship is a short-term dynamic, believing that Ethereum’s bigger drivers will come from tokenization and AI agents.
Finally, Lee added that he predicts these structural factors will further strengthen the Ethereum price in 2026.
“If anyone is wondering why Ethereum is under selling pressure:
In my opinion, rising oil prices are the biggest obstacle: $ETH’s inverse correlation with oil is at its highest level ever.
As oil prices rose over the past 6 weeks, $ETH prices fell.
“The price of $ETH and the price of oil move inversely proportional. Therefore, a reversal in oil prices = a recovery in $ETH prices.”
*This is not investment advice.
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