Tom Lee: Oil Price Rise Suppresses ETH Short-Term Trend, Structural Drivers Still Point to Strengthening in 2026

Odaily Planet Daily News Bitmine Chairman Tom Lee posted on platform X that the recent selling pressure on Ethereum is mainly due to short-term macro factors, with rising oil prices being the largest negative disturbance at present. Oil prices have been rising over the past 6 weeks, and ETH and oil prices have shown a historically high level of inverse correlation (rising oil prices correspond to a decline in ETH). If oil prices fall, the price of ETH is expected to recover accordingly.

Tom Lee emphasized that this type of volatility is short-term trading noise, while the long-term core driving force for ETH remains in asset tokenization and the development of "Agentic AI" applications. He predicts that as structural trends continue to advance, ETH will perform more strongly around the year 2026.