Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 6.32x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 7.55x, against a typical 7.50x. That is a strong reaction by this release's own standard. 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 $2,426.38 when the figure came out. Fifteen minutes later it was 0.49% lower, and an hour later 0.32% lower. Its high-to-low range in the hour after was 3.34% of its price, against 2.06% in the hour before.
The release
Released by the Federal Open Market Committee on 16 June 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%.
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 6.32x compares with 3.49x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 46 Fed Interest Rate releases since 2021, Ethereum's median volatility ratio is 4.18x.
What it means
Volatility reached 6.32 times the baseline quarter-hour level, above the 4.18x median recorded across 46 Fed Interest Rate releases since 2021, while volume expanded 7.55x against a typical 7.50x. The price stood at $2,426.38 at the 2:00 PM release, then fell 0.49 percent within fifteen minutes and 0.32 percent after one hour, with the hourly high-to-low range widening to 3.34 percent from 2.06 percent beforehand.
Context against unchanged-rate releases
Fed decisions that altered the target range have produced a higher median volatility ratio of 5.50x for Ethereum, compared with 3.49x when rates remained steady. This particular holding nevertheless exceeded the unchanged-rate benchmark by a clear margin, indicating the price movement surpassed what the decision itself would normally generate. The release arrived alongside the Summary of Economic Projections and dot plot.
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
2,528.48Close
2,415.1124h Change
-113.37 (-4.69%)24h High
2,556.1924h Low
2,351.1824h Volume
630,615 ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
16th June, 2021, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2421.95 | 2430.89 | 2421.65 | 2426.69 | 0.20% | 0.38% | 856 ETH |
| During | 2426.38 | 2426.38 | 2394.40 | 2397.17 | -1.22% | 1.32% | 4,169 ETH |
| 5 Minutes | |||||||
| Before | 2413.88 | 2430.89 | 2412.19 | 2426.69 | 0.53% | 0.77% | 2,102 ETH |
| During | 2426.38 | 2458.70 | 2393.58 | 2440.67 | 0.59% | 2.65% | 16,807 ETH |
| 10 Minutes | |||||||
| Before | 2413.74 | 2430.89 | 2411.73 | 2426.69 | 0.53% | 0.79% | 3,817 ETH |
| During | 2426.38 | 2458.70 | 2393.58 | 2436.01 | 0.40% | 2.65% | 22,556 ETH |
| 15 Minutes | |||||||
| Before | 2417.02 | 2430.89 | 2411.03 | 2426.69 | 0.40% | 0.82% | 4,706 ETH |
| During | 2426.38 | 2458.70 | 2377.77 | 2414.45 | -0.49% | 3.29% | 36,937 ETH |
| 30 Minutes | |||||||
| Before | 2403.46 | 2430.89 | 2403.45 | 2426.69 | 0.96% | 1.13% | 11,672 ETH |
| During | 2426.38 | 2458.70 | 2377.77 | 2400.05 | -1.10% | 3.29% | 48,935 ETH |
| 1 Hour | |||||||
| Before | 2395.16 | 2430.89 | 2381.00 | 2426.69 | 1.30% | 2.05% | 29,467 ETH |
| During | 2426.38 | 2458.70 | 2377.77 | 2418.57 | -0.32% | 3.29% | 64,649 ETH |
| 2 Hours | |||||||
| Before | 2416.44 | 2446.07 | 2381.00 | 2426.69 | 0.42% | 2.66% | 72,001 ETH |
| During | 2426.38 | 2458.70 | 2377.77 | 2418.86 | -0.31% | 3.29% | 87,150 ETH |
| 4 Hours | |||||||
| Before | 2457.31 | 2457.85 | 2381.00 | 2426.69 | -1.26% | 3.13% | 125,295 ETH |
| During | 2426.38 | 2458.70 | 2377.77 | 2413.90 | -0.52% | 3.29% | 121,739 ETH |
| 6 Hours | |||||||
| Before | 2460.00 | 2468.27 | 2381.00 | 2426.69 | -1.37% | 3.54% | 198,731 ETH |
| During | 2426.38 | 2458.70 | 2351.18 | 2367.89 | -2.47% | 4.37% | 176,491 ETH |
| 8 Hours | |||||||
| Before | 2528.48 | 2556.19 | 2435.00 | 2457.30 | -2.90% | 4.74% | 210,772 ETH |
| During | 2457.31 | 2458.70 | 2377.77 | 2413.90 | -1.80% | 3.29% | 247,034 ETH |
| 12 Hours | |||||||
| Before | 2528.48 | 2556.19 | 2381.00 | 2426.69 | -4.19% | 6.85% | 336,067 ETH |
| During | 2426.38 | 2458.70 | 2351.18 | 2415.11 | -0.47% | 4.37% | 294,548 ETH |
