Ethereum: Can the new inverse ETF lure in more ETH bears So | Crypto Portal

Ethereum: Can the new inverse ETF lure in more ETH bears

Something for the bears
The ProShares Short Ether Strategy ETF aims to provide returns that are inversely correlated to the Standard & Poor’s CME Ether Futures Index.

What will traders do?
At press time, the ETH Liquidation Heatmap pointed to a risk zone for Ethereum between $1700 and $1800. ETH’s price sat at $1793, which is quite close to this risky range. This means caution is needed when dealing with ETH in this price range.