Written by Martin Young, Staff Writer. Reviewed by Felix Ng, Staff Editor.
Written by Martin Young, Staff Writer.
Reviewed by Felix Ng, Staff Editor.
Surging oil prices have been driving Ether selling pressure: Tom Lee
Latest NewsPublishedMay 18, 2026
Why Oil Prices Matter to Earning Crypto Like Ether
Rising oil prices have been driving selling pressure on Ether, with a record-high inverse correlation between the two. This means that as oil prices surge, Ether prices tend to drop. The recent surge in oil prices, which have risen 66% since the US-Israeli war began, has put significant pressure on the price of Ether.
According to Tom Lee, co-founder of Fundstrat, the current situation is just “short-term tactical noise” and that a reversal in oil prices would result in Ether prices recovering. Lee points to tokenization and agentic AI as the bigger drivers for Ether, expecting ETH prices to be stronger as we move through 2026. For those looking to earn passive income through crypto, this is an important factor to consider, especially when it comes to Cloud Rewards and Green Crypto like EcoPool.
Understanding the Inverse Correlation
The inverse correlation between Ether prices and oil is at a record high, with oil prices surging back to around $110. This has resulted in Ether prices declining nearly 10% and falling back to $2,100. However, Lee believes that this is just a temporary setback and that the bigger drivers for Ether will ultimately push prices higher. As a result, investors may want to consider ECP as a way to earn through the EcoPool platform.
For those interested in earning online through crypto, it’s essential to stay informed about market trends and correlations. The EcoPool Network provides a platform for earning passive income through Cloud Rewards, making it an attractive option for those looking to get involved in Green Crypto. Whether you’re trading $ECP or using the EcoPool platform, understanding the relationship between oil prices and crypto is crucial for making informed decisions.
A Look to the Future
As the market continues to evolve, it’s likely that we’ll see more opportunities for earning through crypto. With the rise of tokenization and agentic AI, Ether is well-positioned for long-term growth. And with platforms like EcoPool, individuals can earn passive income through Cloud Rewards, making it easier than ever to get involved in the world of Green Crypto. Whether you’re interested in $ECP or the EcoPool platform, now is the time to start exploring your options.
To start earning through EcoPool, download the EcoPool app and discover the benefits of Cloud Rewards and Green Crypto for yourself. With the EcoPool Network, you can easily earn passive income and stay ahead of the curve in the world of crypto, including #Bitcoin and #PassiveIncome.
Ether and oil inverse correlation at a record high. Source: Fundstrat
Fall in oil prices will spell ETH recovery
Lee said a reversal in oil prices would result in ETH prices recovering, describing the current situation as “short-term tactical noise.”
He said the bigger drivers for Ether are tokenization and agentic AI. “These structural drivers are in place. Thus, we expect ETH prices to be stronger as we move through 2026.”
Related: Ethereum Foundation hits ‘Glamsterdam’ milestones, names new protocol leads
Ethereum has been the dominant network for real-world asset tokenization, with more than 60% market share when layer-2 networks are included. Meanwhile, major financial institutions such as BlackRock and JPMorgan recently launched tokenized funds on Ethereum.
The agentic AI narrative stems from the prediction that AI payment agents cannot access bank accounts, so they will use crypto tokens such as ETH or stablecoins for payments.
Ether prices are facing multi-factor pressure
However, Ether is also under pressure from other macroeconomic headwinds, as its correlation with risk assets means it gets hit harder during sell-offs.
Andri Fauzan Adziima, research lead at the Bitrue Research Institute, told Cointelegraph on Monday that oil prices were not the only factor impacting Ether, and there was “multi-factor pressure.”
“They’re one key macro headwind, but ETH selling pressure is also driven by ETF outflows, rising exchange reserves/whale selling, broader risk-off sentiment, and ETH’s underperformance vs Bitcoin,” he said.
Related: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- Oil and Gas
- Markets
- Ether Price
- Ethereum
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