Svmuu reports that Bitmine Chairman Tom Lee stated on platform X that the recent selling pressure on Ethereum primarily stems from short-term macroeconomic factors, with the rise in oil prices being the current biggest negative disturbance. Over the past six weeks, oil prices have continued to climb, while ETH has shown a historically high inverse correlation with oil prices (oil price increases correspond to ETH declines). If oil prices fall, the price of ETH is expected to recover accordingly.
Tom Lee emphasized that such fluctuations are short-term trading noise, while ETH's long-term core driving forces remain in asset tokenization and the development of "Agentic AI" applications. He expects that as structural trends continue to advance, ETH will perform more strongly around 2026.