Proshares Ultra Ether ETF (ETHT)

Proshares Ultra Ether ETF is trading at $16.22, down 5.81% on the session. The 50 day average sits at $10.74 and the 200 day at $21.00, which puts the stock in a downtrend. RSI is at 74.1, which reads as overbought, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $9.94 with resistance near $18.01, so that band frames the current range. Average daily movement is roughly $0.95, or about 5.9% of the share price, which is what any stop placement has to allow for. The overall health score of 54 out of 100 combines a trend score of 50, momentum of 84 and a risk score of 18.

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 (2x) the price of ether. The fund does not invest directly in ether.