I get frustrated editing with ArcGIS Pro when this happens to me the trace tool either stops working or traces "ghost" features. I'll show you how to fix it.

M3 on the Esri Community and MichaelMedina802 in the comments below has a quicker workaround than shutting down the project see his workaround here: https://community.esri.com/t5/arcgis...

If you would like to buy me a dew, or sign up for an interview, here is a link for that: https://koji.to/@GIS.Chops