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Fundstrat’s Tom Lee says Ethereum’s inverse correlation with oil prices is now at a historical extreme. Over the past 6 weeks, every #major #move higher in oil has coincided with weakness in ETH. The idea is simple:
▸ oil up = macro fear, inflation pressure, risk-off
▸ oil down = liquidity returns, risk assets recover
According to Lee, once oil prices reverse, #Ethereum could resume its broader uptrend, and “everything will be OK again in 2026.”
He also argues that ETH’s long-term #growth drivers remain fully intact:
🔹 tokenization of real-world assets
🔹 #AI agents and on-chain #automation
So right now #Ethereum holders are basically watching oil charts like they’re $ETH technical analysis. 💛
#crypto
ETH0.78%
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