Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 7.47x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 10.94x, 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 $2,283.12 when the figure came out. Fifteen minutes later it was 1.82% lower, and an hour later 1.91% lower. Its high-to-low range in the hour after was 2.87% of its price, against 0.75% in the hour before.
The release
Released by the Federal Open Market Committee on 29 April 2026 at 2:00 PM EDT. The Federal Open Market Committee held its target range for the federal funds rate at 3.50–3.75%.
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 7.47x 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
Ethereum registered a strong reaction to the Federal Reserve's decision to hold the target range at 3.50 to 3.75 percent. Volatility reached 7.47 times normal levels in the quarter hour after the release, compared with the 4.18 times median across 46 Fed Interest Rate events since 2021. Volume expanded to 10.94 times typical activity against a 7.50 times benchmark.
The price movement aligned with those ratios. Ethereum stood at $2,283.12 at the moment of the announcement, then declined 1.82 percent within fifteen minutes and 1.91 percent after one hour. Its high-to-low range in the following hour widened to 2.87 percent of price from 0.75 percent in the hour before.
Rate-hold decisions have produced a median volatility ratio of only 3.49 times since 2021, versus 5.50 times when the rate changed. This release's 7.47 times outcome therefore exceeded what the circumstances of an unchanged policy would normally generate. Clometrix classifies the reaction as strong on that basis.
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
2,329.19Close
2,242.7624h Change
-86.43 (-3.85%)24h High
2,346.9524h Low
2,220.3624h Volume
328,102 ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
29th April, 2026, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2276.66 | 2283.33 | 2276.66 | 2283.12 | 0.28% | 0.29% | 1,457 ETH |
| During | 2283.12 | 2285.92 | 2278.13 | 2279.48 | -0.16% | 0.34% | 1,198 ETH |
| 5 Minutes | |||||||
| Before | 2273.57 | 2283.33 | 2272.49 | 2283.12 | 0.42% | 0.47% | 1,804 ETH |
| During | 2283.12 | 2285.92 | 2270.68 | 2270.95 | -0.54% | 0.67% | 3,164 ETH |
| 10 Minutes | |||||||
| Before | 2275.04 | 2283.33 | 2272.49 | 2283.12 | 0.35% | 0.47% | 2,484 ETH |
| During | 2283.12 | 2285.92 | 2230.83 | 2234.08 | -2.20% | 2.41% | 19,681 ETH |
| 15 Minutes | |||||||
| Before | 2275.71 | 2283.33 | 2272.49 | 2283.12 | 0.32% | 0.47% | 3,288 ETH |
| During | 2283.12 | 2285.92 | 2227.57 | 2241.46 | -1.86% | 2.55% | 26,552 ETH |
| 30 Minutes | |||||||
| Before | 2270.66 | 2283.33 | 2270.00 | 2283.12 | 0.55% | 0.58% | 5,158 ETH |
| During | 2283.12 | 2285.92 | 2226.34 | 2232.35 | -2.27% | 2.61% | 38,927 ETH |
| 1 Hour | |||||||
| Before | 2267.48 | 2283.33 | 2266.30 | 2283.12 | 0.69% | 0.75% | 11,616 ETH |
| During | 2283.12 | 2285.92 | 2220.36 | 2239.41 | -1.95% | 2.87% | 56,467 ETH |
| 2 Hours | |||||||
| Before | 2272.50 | 2283.33 | 2263.35 | 2283.12 | 0.47% | 0.88% | 31,314 ETH |
| During | 2283.12 | 2285.92 | 2220.36 | 2233.70 | -2.21% | 2.87% | 74,019 ETH |
| 4 Hours | |||||||
| Before | 2303.02 | 2308.29 | 2263.10 | 2283.12 | -0.87% | 1.96% | 77,525 ETH |
| During | 2283.12 | 2285.92 | 2220.36 | 2253.13 | -1.33% | 2.87% | 102,039 ETH |
| 6 Hours | |||||||
| Before | 2331.74 | 2331.94 | 2263.10 | 2283.12 | -2.13% | 2.95% | 112,384 ETH |
| During | 2283.12 | 2285.92 | 2220.36 | 2252.90 | -1.34% | 2.87% | 112,947 ETH |
| 8 Hours | |||||||
| Before | 2329.19 | 2346.95 | 2289.94 | 2303.03 | -1.14% | 2.43% | 85,492 ETH |
| During | 2303.02 | 2308.29 | 2220.36 | 2253.13 | -2.21% | 3.81% | 179,564 ETH |
| 12 Hours | |||||||
| Before | 2329.19 | 2346.95 | 2263.10 | 2283.12 | -2.02% | 3.57% | 163,017 ETH |
| During | 2283.12 | 2285.92 | 2220.36 | 2242.76 | -1.80% | 2.87% | 165,085 ETH |
