2% inflation red line, the life and death symbol of the crypto market

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BlockBeatNews
Tom Lee: The selling pressure on Ethereum mainly comes from rising oil prices; resolving the war will ease macroeconomic pressures.
Tom Lee pointed out that selling pressure on Ethereum comes from rising oil prices. If inflation remains above 2%, the Federal Reserve may tighten. ETH has historically been highly negatively correlated with oil prices; high oil prices boost inflation expectations, increase the likelihood of rate hikes, and tighten liquidity, suppressing crypto assets. Since the Iran war, oil price fluctuations have been synchronized with Fed rate hike expectations; the resolution or easing of the war could alleviate ETH's macroeconomic pressure.
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