Fundstrat said that Tom Lee sees rising oil prices as Ethereum's biggest selling-pressure headwind. In the X post, Lee said ETH's inverse correlation to oil is at its highest level ever, framing the move as a macro-driven drag rather than a break in fundamentals.
XRP Ledger has achieved dominance over Ethereum as tokenized real-world assets continue to increasingly gain traction amid a clear shift in investors' choices.
Aave said that ETH borrowing restrictions introduced after April's rsETH-related market stress have been lifted. In its official X update, Aave confirmed that WETH collateral limits were restored, reopening a key part of borrowing capacity for users.
A coordinated exploit drained approximately $11.5 million from the Verus-Ethereum bridge on May 18, with security firm Blockaid linking the attacker's wallet to Tornado Cash. Attacker Converts Loot to ETH and Tornado Cash Trail Emerges The Verus-Ethereum bridge was drained of approximately $11.
Ethereum is under unusual pressure, and Tom Lee points to a very concrete culprit: oil. For the co-founder of Fundstrat, the crude surge clouds risk appetite, strengthens inflation fears, and directly weighs on ETH.
Ethereum price continued moving lower on Monday as rising macroeconomic uncertainty, weakening institutional demand, and growing exchange inflows pressured the broader crypto market. According to data from crypto.
ETH fell near $2,100 after Tom Lee linked selling to oil. crypto.news noted ETF outflows, whale deposits and higher exchange reserves today.
The Verus Protocol Ethereum bridge has suffered an exploit that has allowed an attacker to siphon off more than $11.5 million in crypto assets through what security researchers described as a forged cross-chain transfer message.
Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover.
As of May 18, 2026, Ethereum finds itself trading around $2,185, positioned at a crucial juncture on its daily price chart. Market participants are attempting to defend the lower boundary of an established trading channel amid mounting technical pressure.
Ethereum, the second-largest cryptocurrency, has erased all its May gains after falling nearly 10% over the past week. But according to Bitmine Chairman Thomas Lee, the biggest reason behind Ethereum price decline may not actually be crypto-related at all.
DeFi protocol Verus is reportedly dealing with a major exploit involving its Ethereum bridge, with blockchain security firms estimating losses of approximately $11.58 million.