Proshares UltraShort Ether ETF (ETHD)

Proshares UltraShort Ether ETF is trading at $31.52, down 2.87% on the session. The 50 day average sits at $62.23 and the 200 day at $60.73, which puts the stock in a uptrend. RSI is at 23.2, which reads as oversold, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $29.85 with resistance near $60.49, so that band frames the current range. Average daily movement is roughly $3.69, or about 11.7% of the share price, which is what any stop placement has to allow for. The overall health score of 26 out of 100 combines a trend score of 30, momentum of 34 and a risk score of 10.

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.