Short Ether traders blinked on May 13, 2026, as ProShares UltraShort Ether ETF ETHD logged outflows of $507,946, trimming its bearish exposure even as crypto volatility lingers. With assets under management at roughly $89.7 million, the latest redemption represents about 0.57% of the fund’s AUM, signaling a measured but notable shift in positioning.
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The related asset, ETH-USD, is currently trading at $2,120.33 after advancing nearly 15% over the past three months, a move that has steadily pressured leveraged short products. Yet, the near-term tone remains cautious, with the one-day technical signal flashing Sell, suggesting traders see room for consolidation or a pullback.
The combination of profit-taking in inverse ETFs and mixed signals on Ether’s chart underscores a market caught between momentum and macro uncertainty. Bears are dialing back leverage, but not capitulating, leaving funds like ETHD as a barometer for how aggressively investors are willing to bet against the second-largest cryptocurrency.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.