Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Tom Lee: The selling pressure on Ethereum mainly comes from rising oil prices; resolving the war will ease macroeconomic pressures.

MarsBitNews
robot
Abstract generation in progress
Mars Finance News, May 21 — Tom Lee stated that the current selling pressure on Ethereum mainly comes from rising oil prices. Regarding the recently released Federal Reserve April minutes, he said that if inflation remains above 2%, the Fed may need to "tighten policy." Tom Lee believes that ETH has the highest negative correlation with oil prices in history; high oil prices boost inflation expectations, increase the likelihood of Fed rate hikes, thereby tightening monetary liquidity and suppressing crypto assets. Since the outbreak of the Iran war, oil price fluctuations have been highly synchronized with the Fed's rate hike/cut expectations for 2026. The resolution of the war will directly affect oil prices and may alleviate macro pressures on ETH.
ETH0.36%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 7
  • Share
Comment
Add a comment
Add a comment
ApeWithHomework
· 7h ago
So, to speculate on ETH, should I first look at WTI? The correlation seems a bit counterintuitive.
View OriginalReply0
SeeingTheChainThroughTheFog
· 7h ago
Tom Lee's perspective is quite fresh; I really hadn't previously linked oil prices directly to ETH selling pressure.
View OriginalReply0
AMirroredSphereReflectingThe
· 7h ago
Is the negative correlation at its historical highest? Is there a data source? I want to verify.
View OriginalReply0
ProofOfSnack
· 7h ago
I feel this logic is more suitable for options volatility trading; the direction is too difficult to bet on.
View OriginalReply0
GateUser-e4351615
· 7h ago
The Federal Reserve is hijacked by oil prices, crypto is hijacked by the Federal Reserve, it's a nested doll.
View OriginalReply0
GateUser-7cb48814
· 7h ago
The thought process of macro traders really is different.
View OriginalReply0

  • Pinned

Sitemap