Short Ether Bets Lose Momentum as ProShares’ ETHD Sees $4.8M Pullback
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ProShares UltraShort Ether ETF, ETHD, recorded outflows of $4.76 million on March 26, 2026, trimming its assets under management to $84.67 million. The withdrawal represents about 5.6% of AUM, signaling a notable reset in bearish positioning against Ether after a volatile first quarter.
The related asset, ETH-USD, is currently trading at $1,997.99, down roughly 34.7% over the past three months. Yet the 1-day technical outlook has flipped to a cautious optimism, flashing a short-term Buy signal that may be prompting some traders to take profits on leveraged downside exposure.
With such a large slice of ETHD’s capital exiting in a single session, investors appear less confident that Ether’s recent drawdown will continue uninterrupted. If the improving technical tone in spot ETH persists, more short-covering in inverse products like ETHD could follow, potentially amplifying any rebound in the underlying asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.