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BitMine Tom Lee Explains Why Ethereum Price Falls When Oil Prices Surge

2026-05-21 15:18:34

Story Highlights* Thomas Lee says rising oil prices remain Ethereum’s biggest short-term market headwind currently.

Ethereum’s inverse correlation with oil reached highest levels during recent inflation and geopolitical market tensions
Spot Ethereum ETFs continue recording outflows as ETH struggles defending critical $2,000 zone.

ETH0.3%

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