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Ethereum price pressured by rising oil prices and macroeconomic risks, says Tom Lee.

Market News
18 May 2026
Cointribune
View Source
Bearish
pluang ai news

Ethereum's price is under pressure not just from internal crypto factors but also due to rising oil prices, which increase inflation fears and reduce risk appetite among investors. Tom Lee highlights a strong inverse correlation between oil prices and Ethereum, with crude oil surging amid geopolitical tensions. This macroeconomic environment makes investors cautious, leading to selective selling of assets like Ethereum. Despite this, Ethereum's underlying infrastructure and institutional interest remain strong, suggesting the current price weakness may be a short-term tactical pullback rather than a lasting decline.

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