Data Analysis
The release
Released by the Federal Open Market Committee on 3 November 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 $4,549.25 when the figure came out. Fifteen minutes later it was 0.79% higher, and an hour later 2.29% higher. Its high-to-low range in the hour after was 3.52% of its price, against 0.98% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 4.80x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 5.76x, 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 4.80x 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 an ordinary reaction to the Federal Reserve's decision to hold the target range at 0.00 to 0.25 percent. The price stood at $4,549.25 at the 2:00 PM EDT release. It advanced 0.79 percent within fifteen minutes and 2.29 percent within the hour, while the high-to-low range expanded to 3.52 percent from 0.98 percent in the prior hour.
Clometrix data place the resulting volatility ratio of 4.80x slightly above the 4.18x median recorded across 46 prior Fed Interest Rate releases since 2021. Volume rose 5.76x against a typical 7.50x. Decisions that left rates unchanged have produced a lower median volatility ratio of 3.49x, while those that altered rates reached 5.50x.
This instance therefore exceeded the median for unchanged decisions, showing that a hold can still generate above-typical movement when surrounding conditions align. Traders reviewing subsequent statements may observe that the scale of reaction tends to remain more contained when rates are left unaltered, though the precise outcome continues to depend on the details of each meeting.
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
4,559.36Close
4,539.7324h Change
-19.63 (-0.43%)24h High
4,665.8724h Low
4,455.0024h Volume
407,910 ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
3rd November, 2021, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 4552.36 | 4552.37 | 4547.00 | 4549.26 | -0.07% | 0.12% | 239 ETH |
| During | 4549.25 | 4549.35 | 4500.00 | 4523.05 | -0.58% | 1.08% | 4,244 ETH |
| 5 Minutes | |||||||
| Before | 4538.00 | 4552.37 | 4535.71 | 4549.26 | 0.25% | 0.37% | 911 ETH |
| During | 4549.25 | 4549.35 | 4500.00 | 4535.00 | -0.31% | 1.08% | 9,443 ETH |
| 10 Minutes | |||||||
| Before | 4542.55 | 4552.37 | 4535.71 | 4549.26 | 0.15% | 0.37% | 1,579 ETH |
| During | 4549.25 | 4572.00 | 4500.00 | 4568.41 | 0.42% | 1.57% | 15,043 ETH |
| 15 Minutes | |||||||
| Before | 4551.09 | 4554.90 | 4535.71 | 4549.26 | -0.04% | 0.42% | 2,194 ETH |
| During | 4549.25 | 4588.88 | 4500.00 | 4585.00 | 0.78% | 1.94% | 20,270 ETH |
| 30 Minutes | |||||||
| Before | 4556.43 | 4561.93 | 4535.71 | 4549.26 | -0.16% | 0.57% | 4,626 ETH |
| During | 4549.25 | 4599.00 | 4500.00 | 4576.02 | 0.59% | 2.15% | 27,615 ETH |
| 1 Hour | |||||||
| Before | 4523.03 | 4562.28 | 4517.67 | 4549.26 | 0.58% | 0.98% | 11,610 ETH |
| During | 4549.25 | 4659.98 | 4500.00 | 4653.36 | 2.24% | 3.43% | 53,670 ETH |
| 2 Hours | |||||||
| Before | 4545.67 | 4562.28 | 4508.37 | 4549.26 | 0.08% | 1.18% | 28,237 ETH |
| During | 4549.25 | 4665.87 | 4500.00 | 4623.46 | 1.61% | 3.55% | 77,313 ETH |
| 4 Hours | |||||||
| Before | 4482.76 | 4562.28 | 4455.00 | 4549.26 | 1.46% | 2.35% | 67,424 ETH |
| During | 4549.25 | 4665.87 | 4500.00 | 4607.74 | 1.27% | 3.55% | 105,703 ETH |
| 6 Hours | |||||||
| Before | 4577.22 | 4579.70 | 4455.00 | 4549.26 | -0.61% | 2.72% | 123,193 ETH |
| During | 4549.25 | 4665.87 | 4500.00 | 4603.35 | 1.18% | 3.55% | 127,314 ETH |
| 8 Hours | |||||||
| Before | 4559.36 | 4620.45 | 4476.41 | 4482.22 | -1.72% | 3.12% | 134,698 ETH |
| During | 4482.76 | 4665.87 | 4455.00 | 4607.74 | 2.71% | 4.52% | 173,127 ETH |
| 12 Hours | |||||||
| Before | 4559.36 | 4620.45 | 4455.00 | 4549.26 | -0.22% | 3.58% | 202,122 ETH |
| During | 4549.25 | 4665.87 | 4500.00 | 4539.73 | -0.21% | 3.55% | 205,789 ETH |
