Ethereum is experiencing significant selling pressure as rising oil prices and continued outflows from spot Ethereum ETFs weigh on the cryptocurrency. According to Thomas Lee, Chairman of BitMine and co-founder of Fundstrat, the negative correlation between Ethereum and oil prices has intensified, with Ethereum struggling to maintain the $2,000 level. Recent geopolitical tensions and inflationary pressures have exacerbated this trend, with Ethereum's price previously dropping to around $1,800 before rebounding. Lee noted that the Federal Reserve's stance on inflation, as highlighted in recent meeting minutes, suggests potential policy tightening if inflation remains above 2%. This environment, driven by a 15% surge in Brent crude prices over the past month, has increased market expectations for prolonged high interest rates, further pressuring risk assets like Ethereum. Despite these challenges, Lee remains optimistic about Ethereum's long-term prospects, citing the growth of tokenization and AI-powered blockchain infrastructure as key drivers for future strength.