Tom Lee says oil's return to ~$110 is weighing on Ether as inverse correlation hits a record

Fundstrat co-founder Tom Lee said on Monday that Ether has faced sustained selling pressure over the past three months as crude prices climbed. He cited a record-high inverse correlation, noting oil has risen 66% from $65 to above $100 per barrel since Feb. 28 and that ETH slid nearly 10% over the past week to about $2,100 on Monday.