Ethereum Holds Near $1,750 as Stablecoin Inflows Build Rebound Potential

Ethereum trades near $1,750 after a sharp June selloff that drove prices to $1,500 lows. The drop followed $847 million in ETF outflows, over $1.35 billion in long liquidations, and macro pressures from U.S.-Iran tensions. A short-covering rally on June 15 briefly reclaimed $1,800 on a reported pre-deal and $450 million in short liquidations, but momentum faded. On-chain data now shows stablecoin inflows averaging $138 million daily on Binance and exchange ETH supply shrinking, creating dry powder for potential upside. Long-term bullish views from Tom Lee persist despite near-term weakness.