Proshares UltraShort Ether ETF (ETHD)

Proshares UltraShort Ether ETF is trading at $34.52, up 9.59% on the session. The 50 day average sits at $30.69 and the 200 day at $56.30, which puts the stock in a downtrend. RSI is at 53.2, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $29.85 with resistance near $32.05, so that band frames the current range. Average daily movement is roughly $1.98, or about 5.7% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 20, momentum of 78 and a risk score of 34.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. In this manner, the fund seeks daily returns that correspond to two times the inverse (-2x) of the price of ether. The fund does not directly short ether.