Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 3.35x, against 1.34x for a typical Durable Orders Ex Transportation release since 2021. Its volume ratio was 4.66x, against a typical 1.57x. That is more than twice what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Ethereum moved
Ethereum was at $3,437.32 when the figure came out. Fifteen minutes later it was 0.31% lower, and an hour later 0.18% higher. Its high-to-low range in the hour after was 1.1% of its price, against 1.35% in the hour before.
The release
Released by the Bureau of Census on 27 June 2024 at 8:30 AM EDT. The Durable Goods Orders Excluding Transportation came in at -0.1% for May 2024, against 0.6% in April 2024. Durable goods orders excluding transportation are falling, after a rise.
It arrived at the same moment as Durable Goods Orders, Gross Domestic Product Report, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Durable Orders Ex Transportation releases in the two weeks before a Fed decision have moved Ethereum more than those at other times: a median volatility ratio of 1.66x across 19, against 1.30x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 3.35x compares with 1.30x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 68 Durable Orders Ex Transportation releases since 2021, Ethereum's median volatility ratio is 1.34x.
About Durable Goods Orders Excluding Transportation
The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders ex transportation reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) excluding transportation equipment in the near term or future. The change in the total value of new orders is measured and shared with the public in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories, and orders.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
ETH-USDT
Ethereum
Open
3,365.71Close
3,442.3724h Change
76.66 (2.23%)24h High
3,477.0024h Low
3,364.0024h Volume
200,948 ETHUS Durable Goods Orders Excluding Transportation
Bureau of Census
27th June, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3434.01 | 3437.29 | 3434.01 | 3437.29 | 0.10% | 0.10% | 317 ETH |
| During | 3437.32 | 3445.00 | 3424.76 | 3425.60 | -0.34% | 0.59% | 1,829 ETH |
| 5 Minutes | |||||||
| Before | 3428.20 | 3437.29 | 3426.60 | 3437.29 | 0.26% | 0.31% | 1,216 ETH |
| During | 3437.32 | 3445.00 | 3419.81 | 3421.20 | -0.47% | 0.73% | 4,620 ETH |
| 10 Minutes | |||||||
| Before | 3429.40 | 3437.29 | 3426.27 | 3437.29 | 0.23% | 0.32% | 2,635 ETH |
| During | 3437.32 | 3445.00 | 3418.40 | 3424.25 | -0.38% | 0.77% | 5,697 ETH |
| 15 Minutes | |||||||
| Before | 3434.60 | 3437.91 | 3426.26 | 3437.29 | 0.08% | 0.34% | 4,409 ETH |
| During | 3437.32 | 3445.00 | 3418.40 | 3426.60 | -0.31% | 0.77% | 6,732 ETH |
| 30 Minutes | |||||||
| Before | 3403.46 | 3445.12 | 3403.45 | 3437.29 | 0.98% | 1.21% | 15,615 ETH |
| During | 3437.32 | 3445.00 | 3418.40 | 3435.96 | -0.04% | 0.77% | 9,008 ETH |
| 1 Hour | |||||||
| Before | 3398.59 | 3445.12 | 3398.59 | 3437.29 | 1.13% | 1.35% | 19,634 ETH |
| During | 3437.32 | 3456.20 | 3418.40 | 3443.41 | 0.18% | 1.09% | 22,525 ETH |
| 2 Hours | |||||||
| Before | 3404.80 | 3445.12 | 3392.00 | 3437.29 | 0.95% | 1.54% | 29,104 ETH |
| During | 3437.32 | 3477.00 | 3418.40 | 3465.66 | 0.82% | 1.69% | 41,740 ETH |
| 4 Hours | |||||||
| Before | 3371.80 | 3445.12 | 3368.70 | 3437.29 | 1.91% | 2.22% | 55,040 ETH |
| During | 3437.32 | 3477.00 | 3418.40 | 3445.14 | 0.23% | 1.69% | 61,124 ETH |
| 6 Hours | |||||||
| Before | 3375.32 | 3445.12 | 3366.05 | 3437.29 | 1.80% | 2.30% | 66,606 ETH |
| During | 3437.32 | 3477.00 | 3418.40 | 3461.24 | 0.69% | 1.69% | 71,201 ETH |
| 8 Hours | |||||||
| Before | 3365.71 | 3393.00 | 3364.00 | 3371.80 | 0.18% | 0.85% | 43,307 ETH |
| During | 3371.80 | 3477.00 | 3368.70 | 3445.14 | 2.13% | 3.11% | 116,164 ETH |
| 12 Hours | |||||||
| Before | 3365.71 | 3445.12 | 3364.00 | 3437.29 | 2.08% | 2.35% | 98,347 ETH |
| During | 3437.32 | 3477.00 | 3418.40 | 3442.37 | 0.15% | 1.69% | 102,601 ETH |
