TechFlow News, May 29: 10x Research stated that Ethereum’s current price may appear cheap, but “cheap” does not equate to a buy signal. It noted unusually large inflows into put options in Ethereum’s options market recently—funds flowing into the $1,800 and $1,900 strike prices were approximately five times the normal level.
10x Research added that since publishing its high-conviction short thesis on May 16, 2026, ETH has declined by 10%; tracing back to its fundamental assessment issued on October 31, 2025—when ETH was trading at $3,800—the price has fallen 47% to date. It maintains that price ultimately reflects fundamentals, with the market merely adjusting gradually to reality.
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