Investor and market analyst Tom Lee said that Ethereum is facing increased selling pressure due to its inverse correlation with global oil prices.
According to Lee, higher oil prices have historically coincided with weaker Ethereum performance, as markets increasingly associate rising energy costs with pressure on risk assets, particularly cryptocurrencies.
He added that continued strength in oil markets could keep ETH under pressure in the near term, especially as investors remain cautious amid geopolitical tensions and persistent inflation concerns.
Ethereum has recently declined alongside a broader shift toward defensive assets, while traders closely monitor the growing relationship between energy markets and digital assets.