Ether ETF Attracts New Money as Traders Bet on Rebound

The cryptocurrency market has experienced a significant downturn in recent times, with many investors losing confidence in assets like ether. However, it appears that some traders are starting to take a more cautious approach, recognizing that the selloff may have gone too far.

The ProShares Ether Strategy ETF (EETH) has seen fresh inflows of $528,256 in new money on March 23, 2026. This influx represents about 0.77% of the fund's assets under management, indicating a vote of confidence in ether after a tough quarter.

While the related asset, ETH-USD, is currently trading at $1,997.99 and has shed around 34.65% over the past three months, near-term momentum has turned. A 1-day technical signal flashing Buy suggests that some investors may be trying to position ahead of a potential rebound.