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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

$1,656.78

-1.03%

$1,656.78

-1.03%

(24s)

24h Volume

$15,449,017,371.55

24h H/L

$1,693.67 / $1,552.95

Change: $140.72 (9.06%)

Long/Short

74.6%

Long: 74.6%Short: 25.4%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,653.79

▲ 1.95%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,771.84

Resistance 1$1,691.63

Price$1,653.79

Support 1$1,623.82

Support 2$1,572.03

Support 3$1,505.68

Pivot (PP):$1,643.01

Trend:Downtrend

RSI (14):37.9

The Block Editorial

(01:07 PM UTC)

1 min read

Approved byJames Mitchell

1116 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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