Tom Lee Links Ethereum Weakness to Rising Oil Prices
Despite near-term weakness, Lee still sees tokenization and AI-related infrastructure as long-term drivers for ETH. ; } function loadTrinityPlayer(targetWrapper, theme,extras=“”) { cleanupPlayer(targetWrapper); // Always clean first ✅ targetWrapper.classList.add(‘played’); // Create script const scriptEl = document.createElement(“script”); scriptEl.setAttribute(“fetchpriority”, “high”); scriptEl.setAttribute(“charset”, “UTF-8”); const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`); scriptURL.searchParams.set(“pageURL”, window.location.href1); scriptEl.src = scriptURL.toString(); // Insert player const placeholder = targetWrapper.querySelector(“.add-before-this”); placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling); } function getTheme() { return document.body.classList.contains(“dark”) ? “dark” : “light”; } // Initial Load for Desktop if (window.innerWidth 768) { const desktopBtn = document.getElementById(“desktopPlayBtn”); if (desktopBtn) { desktopBtn.addEventListener(“click”, function () { const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”); if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(), }); } } // Mobile Button Click const mobileBtn = document.getElementById(“mobilePlayBtn”); if (mobileBtn) { mobileBtn.addEventListener(“click”, function () { const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”); if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(), }); } function reInitButton(container,html){ container.innerHTML = + html; } // Theme switcher const destroyButton = document.getElementById(“checkbox”); if (destroyButton) { destroyButton.addEventListener(“click”, () = { setTimeout(() = { const theme = getTheme(); if (window.innerWidth 768) { const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”); if(desktopWrapper.classList.contains(‘played’)){ loadTrinityPlayer(desktopWrapper, theme, }else{ reInitButton(desktopWrapper,‘’) const desktopBtn = document.getElementById(“desktopPlayBtn”); if (desktopBtn) { desktopBtn.addEventListener(“click”, function () { const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”); if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,‘ }); } } } else { const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”); if(mobileWrapper.classList.contains(‘played’)){ loadTrinityPlayer(mobileWrapper, theme, }else{ const mobileBtn = document.getElementById(“mobilePlayBtn”); if (mobileBtn) { mobileBtn.addEventListener(“click”, function () { const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”); if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme, }); } } } }, 100); }); } })(); According to Bitmine Chairman Tom Lee, rising oil prices are the biggest reason Ethereum (ETH) has been struggling, and he says the inverse correlation between the two assets has hit the highest level ever recorded. His observation has come at a time when ETH is trading near $2,100, down roughly 3% in 24 hours and