The analyst believes that one of the reasons ether has been under selling pressure is linked to the conflict in the Middle East and the subsequent rise in oil prices. To Lee, this is “short tactical noise,” and prices should be stronger later this year.
Key Takeaways:
Tom Lee says the US-Iran war drove oil up and ETH down 28%, but expects a 2026 market recovery driven by tokenization and AI.Despite a 12% Bitcoin dip, Vitalik Buterin sees ETH thriving as an economic layer for AI agents.Dismissing short-term noise, BCG predicts asset tokenization will next hit $16T and 10% of GDP by 2030.Tom Lee, Chairman of Bitmine Immersion Technologies and Managing Partner and the Head of Research at Fundstrat Global Advisors, believes that, apart from the usual market headwinds, ether faces other difficulties due to the conflict in the Middle East.
Nonetheless, Lee disregarded this conjuncture as “short-term tactical noise,” stressing that the usual market drivers are still valid, including tokenization, which is still in its development stages across institutions, and Agentic AI.
