SharpLink CEO Flags Three Catalysts for Ethereum Rebound at $2,300

On May 16, SharpLink CEO Joseph Chalom outlined three catalysts for an Ethereum rebound: passage of the U.S. Clarity Act, recovery in investor risk appetite, and explosive growth in real-world asset tokenization projected to reach $500 billion to $1 trillion. The comments follow SharpLink’s Q1 2026 report of a $685.6 million net loss driven by $506.7 million in unrealized ETH markdowns, offset by $12.1 million in revenue, nearly all from staking its 872,984 ETH treasury. The firm also partnered with Galaxy Digital on a $125 million on-chain yield fund targeting returns above 10%, while TD Cowen reiterated a Buy rating with a $16 price target implying 106% upside. Structural metrics cited include 38.7 million ETH staked (32% of supply) and exchange balances at multi-year lows near 15 million ETH, even as ETH trades around $2,300.