{"schema_version":"1.0","name":"CETU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b8ee3d48-7571-40c7-a772-d6763ac09d94","symbol":"CETU","name":"21Shares Ethereum Core Staking ETP Acc","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range pressure and compression."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":47,"displayedObservations":47,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.091727,-0.094007,0.087556,0.255629,0.277104,0.319825,0.31547,0.155713,-0.012875,-0.167789,-0.321249,-0.304211,-0.249816,-0.197698,-0.095246,-0.042887,0.050193,0.158181,0.312785],"opens":[8.07,8.5425,8.58,8.8025,8.6375,7.9375,7.7575,6.17,6.23125,6.29,5.795,6.3725,6.65375,6.7575,6.9925,7.2575,6.9125,6.96625,7.08875],"highs":[9.08,8.9175,8.5925,8.9425,8.6375,7.9375,7.85,6.2,6.23125,6.295,5.8525,6.475,6.65375,6.7575,7.2325,7.2575,7.1175,7.03375,8.9125],"lows":[8.07,8.4825,8.37,8.3925,8.1675,7.8225,7.2725,5.905,6.23125,6.29,5.7925,6.3725,6.65375,6.7575,6.92125,6.89,6.9125,6.96625,7.08875],"closes":[9.0375,8.5525,8.5425,8.4225,8.1925,7.8425,7.4875,5.905,6.23125,6.295,5.8525,6.42625,6.65375,6.7575,6.92125,6.89,7.1175,6.9775,8.9125],"hoverRows":[[{"label":"Open","value":"8.07","className":"is-ohlc","compact":true},{"label":"High","value":"9.08","className":"is-ohlc","compact":true},{"label":"Low","value":"8.07","className":"is-ohlc","compact":true},{"label":"Close","value":"9.04","className":"is-ohlc","compact":true},{"label":"Market 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conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":19,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[16.5,15.32,13.88,14.225,14.215,12.2425,11.9175,9.985,11.1675,11.2825,11.3725,10.9925,10.8025,11.4525,11.52,12.0875,10.8525,10.0675,7.5,7.5875,7.2225,7.1688,7.6537,7.8288,7.905,7.3262,7.595,8.27,9.0375,8.5525,8.5425,8.4225,8.1925,7.8425,7.4875,5.905,6.2313,6.295,5.8525,6.4262,6.6537,6.7575,6.9212,6.89,7.1175,6.9775,8.9125],"consensus":[93.634,-100.0,-83.171,-29.0,-54.0279,-62.3372,-49.1817,-79.136,-16.6473,-20.7297,-32.3843,-26.6089,-36.686,0.0,-13.707,21.6534,-42.3224,-50.691,-68.8793,-25.8335,-47.6705,-35.8479,0.0,-10.9947,-20.5034,-39.6237,-18.2425,16.6156,38.5619,0.0,13.1818,-12.2052,-27.3185,-31.4452,-34.1612,-64.4184,-27.8903,-19.2157,-30.1129,0.0,0.0,0.0,0.0,-9.4094,30.319,0.0,77.8836],"supportDates":["2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-65.9406,-48.0265,-74.6859,-3.215,-12.0867,-36.6898,-34.9496,-44.0441,0.0,-18.7048,14.7031,-50.6398,-52.9004,-67.2433,-13.6231,-48.5112,-30.5949,0.0,-13.7081,-34.3317,-52.847,-24.6831,19.3804,40.8711,0.0,8.1469,-24.1529,-33.8149,-40.2581,-37.8628,-79.1343,-23.7998,-6.1243,-19.8903,0.0,0.0,0.0,0.0,-26.1179,33.4294,0.0,71.5189],"force":[93.634,-100.0,-83.171,-29.0,-24.8335,-43.8912,-26.4098,-88.8458,-33.099,-8.3692,-11.4472,-20.1232,-17.5111,0.0,-2.4394,42.3606,-60.6045,-58.2687,-83.3403,-3.4305,-26.6128,-10.0884,0.0,-15.5252,-4.3293,-35.0372,-1.1263,33.8489,45.3003,0.0,13.0328,-17.2511,-30.4292,-26.3863,-26.6827,-53.8763,-0.2102,-4.0496,-12.269,0.0,0.0,0.0,0.0,-13.6553,32.4034,0.0,99.5685],"direction":[null,null,null,null,-74.881,-71.3947,-66.7675,-77.2862,-67.5317,-51.3923,-42.4187,-21.7093,-41.973,0.0,-16.0435,14.8058,-19.7583,-42.7533,-60.4196,-60.691,-61.7508,-60.2509,0.0,-26.8365,-16.2526,-27.7874,-24.7168,1.1464,31.1098,0.0,19.0423,-5.0536,-17.672,-24.9867,-35.2727,-55.1303,-52.637,-50.7953,-54.5416,0.0,0.0,0.0,0.0,-12.7189,25.2754,0.0,69.6683],"intensity":[null,null,null,null,25.0,80.0,16.6667,71.4286,50.0,11.1111,60.0,36.3636,16.6667,38.4615,42.8571,33.3333,68.75,47.0588,100.0,52.6316,15.0,19.0476,27.2727,4.3478,37.5,44.0,7.6923,51.8519,57.1429,31.0345,13.3333,19.3548,12.5,60.6061,44.1176,85.7143,16.6667,2.7027,39.4737,53.8462,12.5,4.878,33.3333,2.3256,11.3636,8.8889,93.4783],"confirmation":[52.6295,54.6667,49.2814,31.9467,61.2877,87.3308,83.0617,93.6872,11.0769,30.3305,77.6593,76.1901,79.043,28.9717,49.3,75.6661,81.9736,84.4184,90.507,53.6261,82.6,78.7663,30.8734,28.6474,51.1908,80.3383,50.7228,51.1334,80.51,28.322,72.2903,50.2888,76.7377,77.774,78.6473,88.0684,53.509,29.17,77.2481,28.13,3.0871,2.2548,4.3192,28.2658,77.7182,27.3814,93.6806],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,62.5,62.5,62.5,62.5,62.5,62.5,75.0,62.5,87.5,87.5,87.5,87.5,62.5,37.5,25.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,75.0,100.0,87.5,75.0,62.5,50.0,50.0,25.0,12.5,12.5],"assessmentRisk":[null,null,null,null,22.7516,18.7415,24.5589,10.4264,41.3415,26.0379,8.5374,52.3998,0.4695,6.5564,14.8604,31.6083,23.9101,20.025,15.5262,37.0692,26.1321,31.9959,13.0407,19.5232,43.7659,29.0147,5.5444,15.4068,23.7887,47.3748,34.6336,24.4064,34.8207,31.3878,32.2844,17.7749,35.9349,39.8998,34.6027,35.2792,32.8984,36.0651,47.7547,40.8924,20.6533,23.1147,10.6064],"volumeParticipation":true,"latest":{"consensus":77.9,"control":71.5,"force":99.6,"direction":69.7,"confirmation":93.7,"persistence":12.5,"assessmentRisk":10.6,"intensity":93.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+77.9","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+71.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+99.6","detail":"Upward 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}