Short Ether bets drew fresh interest this week as ProShares’ ProShares UltraShort Ether ETF, ETHD, recorded $1,807,026 in net inflows on April 2, 2026. The move lifted the bearish fund’s assets under management to $89,925,444, with the latest flow representing just over 2% of its total size and signaling renewed conviction in downside crypto positioning.
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The related asset, ETH-USD, is currently trading at $2,043.19 after a punishing three‑month slide of about 36.27%. Technically, Ether’s near‑term outlook remains fragile, with a 1‑day signal flashing Sell, lending support to investors seeking leveraged hedges through inverse products like ETHD.
The combination of heavy recent losses in Ether and fresh inflows into a leveraged short ETF suggests traders are positioning for either further volatility or a delayed recovery. While a single day’s flow is not decisive, the size relative to AUM underscores how macro risk sentiment and tightening liquidity continue to shape speculative strategies in crypto‑linked funds.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.