Ether hovers near $1,750 as stablecoin inflows rise and exchange ETH supply keeps shrinking

Ether is trading under pressure, with spot prices clustering around the $1,750 level as chart signals turn bearish. Stablecoin net inflows to Binance are averaging $138M per day over the past week, running 289% above the three-month baseline. At the same time, exchange-held ETH continues to decline, tightening supply as bid-side liquidity builds. The pullback is being described as “cautious” after the Federal Reserve decision, with traders holding capital in stablecoins rather than buying spot.