TD Cowen Slashes 2026 Ethereum Forecast, Sharplink Target Drops 25%

TD Cowen has lowered its 2026 year‑end price target for Ethereum from $3,650 to $2,371, a reduction of roughly 35%, citing slow progress on regulatory measures such as the CLARITY Act. The downgrade also caused Sharplink Gaming’s share‑price target to fall from $16 to $13, a cut of about 25%, though the firm’s analyst team kept a “Buy” rating. Sharplink is expected to hold around 940,000 ETH in its treasury, with an estimated net asset value of $9.13 per share. Current market prices place Ethereum near $1,885 and Sharplink’s stock around $6.30, well below the revised targets. analysts note that regulatory uncertainty is exerting short‑term pressure on crypto valuations while maintaining a positive long‑term outlook for Ethereum.