ETHE JUL 2026Grayscale Ethereum Staking ETFBATS:ETHETWMMPROETHE may be developing Elliott Wave (4) after completing Wave (3) near the $12 support zone. The bullish corrective path targets $16.00–$16.50 first. A breakout above $16.50 could extend Wave (4) toward the major $18.00–$19.50 resistance zone. The bearish scenario begins if ETHE rejects from $16.00–$19.50 and breaks below $12.00, confirming Wave (5) with targets at $10.00–$8.00. Bullish targets: $16.00–$16.50, then $18.00–$19.50. Bearish targets: $12.00, then $10.00–$8.00. Bearish count invalidation: sustained breakout above $19.50.