Tom Lee, co-founder of Fundstrat, has highlighted a significant inverse correlation between rising oil prices and the selling pressure on Ether. As crude oil prices surged to around $110 per barrel, largely influenced by geopolitical tensions from the US-Israeli conflict, Ether's price has faced substantial downward pressure. Lee noted that since the conflict began on February 28, 2023, oil prices have risen 66%, contributing to Ether's decline of nearly 10%, bringing its value down to $2,100—a staggering 57% below its all-time high. Despite these challenges, Lee remains optimistic, suggesting that a reversal in oil prices could lead to a recovery in Ether's value, which he describes as currently facing 'short-term tactical noise.' He also pointed out that Ethereum dominates the market for real-world asset tokenization, holding over 60% market share. However, Ether is also under pressure from other macroeconomic factors, including ETF outflows and increased selling from whales, indicating a complex landscape for the cryptocurrency moving forward.