Can We Use Images as Field Merges in Eloqua?

Hi Team,

We have a requirement where a record is added to a CDO through OIC integration. Based on that, we need to populate the CDO field values in an email template.

The process is:
Whenever a new record is created in the CDO, it should trigger an email campaign, and the email should go out to the contacts linked to that CDO.

We created field merges for the CDO fields and used them in the email template. The text fields are working fine, but for the image field, we used HTML code to display the image, and it didn’t work.