ETH Volatility Analysis for Durable Orders, 26th April 2018

Data Analysis

The data released by Bureau of Census for Durable Goods Orders on 26th April, 2018 has come in at a decrease to 3.1% for March 2018. Compared to the previous release for February 2018 at 3.8%, we can see that business confidence is still increasing but slowed month over month.

To see the impact and volatility of ETH's price during the Durable Orders 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 23,966 ETH with prices swinging between 617.01 and 639.99, representing a swing of 3.59%. Subsequently, the trading volume decreased by 17% to 19,777 ETH. Price action ranged from a low of 623.09 to a high of 638.82, a difference of 2.46%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 3,248 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 634.20 to a high of 639.99, a 0.90% change. Immediately following, trading volume decreased by 29% to 2,309 ETH. At this time, Ethereum hit a low of 629.54 with a high of 638.82, a significant change of 1.45%.

About Durable Goods Orders

The U.S. Census Bureau publishes the Durable Goods Orders report every month. Durable goods orders reflect new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods) 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.