Ethena will not reach $0.60 by December 31, 2026. Structural limits will blunt upside. ENA was trading at $0.0873 on June 15 and has remained in an accumulation zone between $0.06 and $0.08, while TVL fell to $5.4 billion from a $15 billion peak in 2025. Arthur Hayes' June 5 sale of 54.65 million E…