ETH Volatility Analysis for Durable Orders Ex Transportation, 25th March 2020

Data Analysis

The data released by Bureau of Census for Durable Goods Orders Excluding Transportation on 25th March, 2020 has come in at an increase to -0.1% for February 2020. Compared to the previous release for January 2020 at -0.8%, we can see that business confidence has decreased but at a slower rate month over month.

To see the impact and volatility of ETH's price during the Durable Orders Ex Transportation release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 348,343 ETH with prices swinging between 132.54 and 142.33, representing a swing of 6.88%. Subsequently, the trading volume decreased by 46% to 188,152 ETH. Price action ranged from a low of 133.33 to a high of 137.99, a difference of 3.38%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 13,306 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 134.15 to a high of 135.32, a 0.86% change. Immediately following, trading volume decreased by 49% to 6,824 ETH. At this time, Ethereum hit a low of 134.06 with a high of 134.84, a change of 0.58%.

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.