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via The Block · By The Block Editorial

'Favorable setup': TD Cowen sees 106% upside in Sharplink as Galaxy yield fund, broadening Ethereum demand shift risk-reward

ETH

ETH/USDT

$1,887.65

+0.16%

$1,887.65

+0.16%

(24s)

24h Volume

$1,636,069,687.72

24h H/L

$1,889.00 / $1,877.01

Change: $11.99 (0.64%)

Long/Short

66.9%

Long: 66.9%Short: 33.1%

Funding Rate

+0.0045%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,886.83

▲ 0.22%

Volume (24h): -

Resistance Levels

Resistance 3$2,194.88

Resistance 2$2,047.57

Resistance 1$1,910.65

Price$1,886.83

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,792.05

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):51.9

The Block Editorial

(01:07 PM UTC)

1 min read

Approved byJames Mitchell

0 comments

TD Cowen has restated its "buy" rating and $16 price target on Ethereum treasury firm Sharplink following the company's first quarter results, which showed revenues of over $12 million, The Block reported.

The firm's update arrived after Sharplink reported earnings and simultaneously announced a new co-managed yield fund with Galaxy Digital.

The fund targets roughly $125 million in capital, with…

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