{"schema_version":"1.0","name":"IETH Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-07-31","ticker":{"uuid":"dbc4cc24-195a-406f-ad06-be06f662a5cf","symbol":"IETH","name":"BITWISE ETHEREUM OPTION INCOME STRATEGY ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Directional strength and control, Range pressure and compression, Acceleration, deceleration and rollover, Range position and boundary pressure."},{"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":"2026-07-31","observations":44,"displayedObservations":44,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","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"],"values":[-0.069351,-0.072591,0.107356,0.247779,0.288044,0.326047,0.319085,0.194634,0.114193,-0.017311,-0.139435,-0.165754,-0.196461,-0.148747,-0.101976,-0.009889],"opens":[21.671853,21.870723,21.973493,22.229457,22.495167,20.580461,20.944767,20.090972,17.236937,18.439645,17.530879,16.6547,18.1582,18.0696,18.53,18.54],"highs":[22.515574,22.381651,22.083853,22.721695,22.495167,21.123793,21.242984,20.090972,17.236937,18.439645,17.530879,17.3618,18.2353,19.4,18.595,18.615],"lows":[21.671853,21.591804,21.483815,22.079325,21.484898,20.573884,19.920889,16.121307,16.675096,17.072917,16.005301,16.2348,17.7321,18.0696,18.53,18.4701],"closes":[22.400691,21.957939,22.083853,22.284391,21.484898,20.573884,20.199523,16.121307,16.991902,17.32829,16.2262,17.3618,18.2353,18.7283,18.595,18.615],"hoverRows":[[{"label":"Open","value":"21.7","className":"is-ohlc","compact":true},{"label":"High","value":"22.5","className":"is-ohlc","compact":true},{"label":"Low","value":"21.7","className":"is-ohlc","compact":true},{"label":"Close","value":"22.4","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.5","className":"is-ohlc","compact":true},{"label":"High","value":"18.6","className":"is-ohlc","compact":true},{"label":"Low","value":"18.5","className":"is-ohlc","compact":true},{"label":"Close","value":"18.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.01","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[15.744544,22.777454],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.009889,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":16,"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"],"close":[38.9873,35.3864,33.3477,34.4916,34.5235,30.5116,27.731,25.0931,27.6534,27.5266,27.9615,26.8606,27.2252,28.7415,28.7837,30.2292,27.6063,25.2396,19.5834,19.5119,18.6236,18.1867,18.7225,19.7726,20.1531,19.5075,20.193,21.535,22.4007,21.9579,22.0839,22.2844,21.4849,20.5739,20.1995,16.1213,16.9919,17.3283,16.2262,17.3618,18.2353,18.7283,18.595,18.615],"consensus":[100.0,-100.0,-81.7302,32.4665,-64.6019,-63.4848,-77.931,-83.2977,-19.1851,-33.7287,-31.9857,-31.037,-19.7883,19.01,-16.268,34.993,-42.3686,-67.8823,-72.6469,-37.1465,-55.4701,-45.9669,-27.9255,0.0,-25.6111,-31.5173,0.0,26.8063,32.4222,0.0,24.295,10.4416,-27.8738,-38.224,-34.4638,-71.8017,-23.2789,-40.0045,-60.9741,12.4434,16.8994,14.6137,17.1731,-17.9264],"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"],"control":[null,null,null,null,null,-62.9837,-88.1865,-86.6669,-7.5821,-20.5745,-43.2638,-40.3916,-17.795,19.9627,-27.413,27.4376,-49.1052,-68.946,-71.066,-30.0364,-48.5622,-38.4616,-32.4589,0.0,-45.4317,-45.6706,0.0,27.4622,32.8469,0.0,22.128,2.4034,-37.6005,-49.4509,-38.7771,-81.0995,-21.4104,-43.4035,-66.1666,12.2878,17.3675,8.8039,14.7562,-17.1192],"force":[100.0,-100.0,-81.7302,32.4665,-24.3087,-40.6095,-53.9208,-74.7259,-43.3176,-3.4815,-2.169,-19.4063,-13.6838,57.7831,-6.5666,51.1891,-66.3356,-90.1305,-87.0785,-9.2961,-50.6091,-29.1493,-11.1791,0.0,-2.0454,-23.3145,0.0,46.3217,34.4502,0.0,23.51,4.0971,-39.2272,-37.3109,-30.9509,-78.0755,-17.4129,-19.1107,-60.1626,49.229,37.2173,23.0208,19.0348,-20.9579],"direction":[null,null,null,null,-93.3827,-80.3968,-83.3605,-85.5698,-77.0905,-70.3671,-40.3941,-28.6537,-45.975,9.7738,-10.4604,32.0592,-17.5503,-50.7751,-64.1453,-65.1655,-66.837,-66.5568,-50.6765,0.0,-19.7916,-21.2012,0.0,12.117,30.4884,0.0,27.3324,24.1599,-8.6479,-26.0453,-32.0435,-56.6945,-54.48,-51.0441,-55.6196,13.654,1.8517,15.2484,18.6054,-16.6836],"intensity":[null,null,null,null,25.0,100.0,66.6667,71.4286,37.5,11.1111,70.0,45.4545,16.6667,23.0769,21.4286,26.6667,62.5,41.1765,100.0,36.8421,15.0,14.2857,9.0909,13.0435,29.1667,12.0,3.8462,37.037,35.7143,3.4483,3.3333,9.6774,15.625,48.4848,11.7647,94.2857,86.1111,40.5405,31.5789,38.4615,57.5,41.4634,16.6667,2.3256],"confirmation":[54.6667,54.6667,48.8203,33.0559,64.164,87.6256,92.0499,94.3427,13.6523,55.4051,54.4882,77.4348,30.9284,32.0021,50.0736,79.8065,82.1857,90.3842,91.7109,79.1465,85.7076,82.3112,32.7269,6.9233,52.5087,77.6199,27.0663,77.1628,78.4305,26.0249,75.7835,25.9371,77.1174,80.0328,78.8556,91.0261,32.619,80.1129,87.4079,30.6849,51.3532,73.0211,73.5889,73.8411],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,75.0,75.0,100.0,100.0,75.0,75.0,50.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,87.5,87.5,87.5,75.0,50.0,25.0,12.5,12.5,25.0,25.0,25.0,12.5,12.5,37.5,50.0,75.0,75.0,50.0,25.0,0.0,25.0],"assessmentRisk":[null,null,null,null,16.9364,17.485,10.7834,8.3489,40.1981,27.3514,21.4744,50.978,0.8934,17.7062,29.2498,30.0157,31.122,13.4062,13.6539,31.4226,22.2494,26.9677,7.505,9.5864,45.8828,45.7544,34.9083,22.887,25.4491,40.331,28.1414,35.4488,29.0301,28.8796,32.2817,14.0903,38.2568,29.3073,19.2667,29.9964,28.408,32.3568,38.8957,28.4444],"volumeParticipation":true,"latest":{"consensus":-17.9,"control":-17.1,"force":-21.0,"direction":-16.7,"confirmation":73.8,"persistence":25.0,"assessmentRisk":28.4,"intensity":2.3,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-17.9","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-17.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-21.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-16.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"74/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"34.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"38.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"39%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility 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tape.","series":[{"label":"Drawdown","values":[0.0,-9.2361,-14.4651,-11.5312,-11.4493,-21.7397,-28.8715,-35.6376,-29.0706,-29.396,-28.2805,-31.1041,-30.1689,-26.2797,-26.1716,-22.464,-29.1916,-35.2621,-49.7698,-49.953,-52.2317,-53.3521,-51.9779,-49.2845,-48.3084,-49.9644,-48.2062,-44.764,-42.5436,-43.6792,-43.3562,-42.8419,-44.8925,-47.2292,-48.1894,-58.6498,-56.4168,-55.554,-58.3808,-55.468,-53.2275,-51.963,-52.3049,-52.2536],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,10.2032,9.6977,11.4308,7.0437,8.4968,14.5394,14.7075,20.4679,10.0152,0.5836,0.0,0.0,0.0,0.0,2.9459,8.7197,10.8122,7.2622,11.0313,18.4104,23.1704,20.7359,21.4283,22.5309,18.1349,13.1257,11.0673,0.0,5.4003,7.4869,0.6506,7.6947,13.113,16.1711,15.3442,15.4683],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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IETH Technical Research Pack, completed week 2026-07-31, https://sharemaestro.com/terminal/dbc4cc24-195a-406f-ad06-be06f662a5cf/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}