Data Analysis
The release
Released by the Federal Open Market Committee on 22 September 2021 at 2:00 PM EDT. The Federal Open Market Committee held its target range for the federal funds rate at 0.00–0.25%.
How Ethereum moved
Ethereum was at $3,017.21 when the figure came out. Fifteen minutes later it was 2.3% higher, and an hour later 0.14% lower. Its high-to-low range in the hour after was 2.91% of its price, against 2.05% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 3.70x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 6.18x, against a typical 7.50x. That is about 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.
What made it matter
Since 2021, Fed decisions that changed the rate have moved Ethereum more than those that held it: a median volatility ratio of 5.50x across 18, against 3.49x across 28. This one held it. Its own ratio of 3.70x compares with 3.49x for those, about what its circumstances would suggest.
Its record
Across 46 Fed Interest Rate releases since 2021, Ethereum's median volatility ratio is 4.18x.
What it means
The Federal Reserve held its target range for the federal funds rate at 0.00 to 0.25 percent. Ethereum traded at $3,017.21 at the moment of the release. The price rose 2.3 percent within fifteen minutes before finishing the hour 0.14 percent lower. Its high-to-low range expanded to 2.91 percent of the spot price in that hour, up from 2.05 percent beforehand.
Clometrix records this reaction as ordinary for the event. Ethereum posted a volatility ratio of 3.70x and a volume ratio of 6.18x. Rate-hold decisions have consistently produced smaller moves than rate-change decisions, which carry a 5.50x median volatility ratio.
The outcome aligned with that pattern. Across all forty-six Fed Interest Rate releases since 2021, Ethereum shows a median volatility ratio of 4.18x. The September 2021 print of 3.70x therefore fell within the range that the surrounding circumstances would predict. Traders reviewing the next comparable release can note that the event's typical magnitude already incorporates the distinction between holds and changes. The record supplies no separate expectation once the committee's action is known.
About Federal Reserve Interest Rate Decision
The Federal Open Market Committee (FOMC) has eight regularly scheduled meetings each year, but they can meet more often if the need should arise. The meetings are not held in public and are therefore the subject of much speculation on Wall Street, as analysts attempt to predict whether the Fed will tighten or loosen the money supply with a resulting increase or decrease in interest rates.
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
2,873.23Close
3,113.3224h Change
240.09 (7.71%)24h High
3,134.6224h Low
2,853.3024h Volume
603,945 ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
22nd September, 2021, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3018.10 | 3020.02 | 3016.08 | 3017.21 | -0.03% | 0.13% | 187 ETH |
| During | 3017.21 | 3043.00 | 3006.49 | 3041.05 | 0.78% | 1.20% | 2,327 ETH |
| 5 Minutes | |||||||
| Before | 3026.35 | 3028.72 | 3016.08 | 3017.21 | -0.30% | 0.42% | 941 ETH |
| During | 3017.21 | 3078.90 | 3006.49 | 3072.47 | 1.80% | 2.35% | 18,027 ETH |
| 10 Minutes | |||||||
| Before | 3036.99 | 3037.11 | 3016.08 | 3017.21 | -0.66% | 0.69% | 2,175 ETH |
| During | 3017.21 | 3086.92 | 3006.49 | 3081.97 | 2.10% | 2.61% | 24,272 ETH |
| 15 Minutes | |||||||
| Before | 3013.45 | 3037.11 | 3013.01 | 3017.21 | 0.12% | 0.79% | 6,066 ETH |
| During | 3017.21 | 3088.88 | 3006.49 | 3086.68 | 2.25% | 2.67% | 28,707 ETH |
| 30 Minutes | |||||||
| Before | 3008.00 | 3037.11 | 3007.02 | 3017.21 | 0.31% | 0.99% | 9,622 ETH |
| During | 3017.21 | 3088.88 | 3006.49 | 3076.78 | 1.94% | 2.67% | 37,850 ETH |
| 1 Hour | |||||||
| Before | 3043.09 | 3055.00 | 2993.01 | 3017.21 | -0.86% | 2.03% | 28,776 ETH |
| During | 3017.21 | 3088.88 | 3001.00 | 3012.88 | -0.14% | 2.85% | 61,204 ETH |
| 2 Hours | |||||||
| Before | 3006.85 | 3055.00 | 2993.01 | 3017.21 | 0.34% | 2.03% | 67,691 ETH |
| During | 3017.21 | 3088.88 | 2990.85 | 3023.73 | 0.22% | 3.17% | 88,115 ETH |
| 4 Hours | |||||||
| Before | 2949.49 | 3055.00 | 2926.02 | 3017.21 | 2.24% | 4.22% | 136,378 ETH |
| During | 3017.21 | 3088.88 | 2990.85 | 3034.57 | 0.57% | 3.17% | 124,206 ETH |
| 6 Hours | |||||||
| Before | 2894.86 | 3055.00 | 2881.57 | 3017.21 | 4.06% | 5.68% | 191,697 ETH |
| During | 3017.21 | 3088.88 | 2990.85 | 3076.92 | 1.94% | 3.17% | 156,374 ETH |
| 8 Hours | |||||||
| Before | 2873.23 | 2975.01 | 2853.30 | 2949.50 | 2.59% | 4.09% | 192,294 ETH |
| During | 2949.49 | 3088.88 | 2926.02 | 3034.57 | 2.80% | 5.27% | 260,584 ETH |
| 12 Hours | |||||||
| Before | 2873.23 | 3055.00 | 2853.30 | 3017.21 | 4.77% | 6.60% | 328,672 ETH |
| During | 3017.21 | 3134.62 | 2990.85 | 3113.32 | 3.09% | 4.59% | 275,273 ETH |
