Ether Bulls Blink as ProShares Ultra Ether ETF Sees Fresh Inflows Despite Price Slump
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ProShares’ leveraged crypto vehicle, ETHT, logged $1.09 million in net inflows on April 02, 2026, offering a contrarian signal as Ether prices remain under pressure. The move represents roughly 0.51% of the fund’s $216.15 million in assets under management, a modest but notable vote of confidence in a volatile market.
The related asset, ETH-USD, is currently trading at $2,050.18 after a sharp 35.48% slide over the past three months, underscoring the severity of the recent drawdown. Short-term momentum remains weak, with the 1-day technical signal flashing a cautious Sell, suggesting traders are still wary of calling a bottom.
Against that backdrop, the latest inflow into ETHT hints that some investors are positioning for a potential rebound in Ether or at least a tactical bounce from oversold levels. Given the fund’s leveraged structure, these flows likely reflect speculative short-term bets rather than long-term accumulation, amplifying both potential gains and losses if volatility persists.
The divergence between bearish technicals on ETH and fresh capital moving into ETHT highlights the ongoing tug of war between momentum-driven selling and opportunistic dip-buying. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.