Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 8.82x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 12.27x, against a typical 7.50x. That is more than twice 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.
How Ethereum moved
Ethereum was at $1,499.65 when the figure came out. Fifteen minutes later it was 2.49% higher, and an hour later 5.42% higher. Its high-to-low range in the hour after was 6.37% of its price, against 2.12% in the hour before.
The release
Released by the Federal Open Market Committee on 27 July 2022 at 2:00 PM EDT. The Federal Open Market Committee raised its target range for the federal funds rate by 75 basis points, to 2.25–2.50%.
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 changed the rate. Its own ratio of 8.82x compares with 5.50x 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 exceptional reaction to the Federal Open Market Committee decision, posting a volatility ratio of 8.82x against the 4.18x median recorded across 46 Fed Interest Rate releases since 2021. Volume reached 12.27x its ordinary quarter-hour level, more than double the 7.50x typical for the event.
The committee raised its target range by 75 basis points to 2.25-2.50 percent at 2:00 PM EDT. Ethereum stood at $1,499.65 on release, advancing 2.49 percent in the first fifteen minutes and 5.42 percent after one hour, while its high-to-low range expanded to 6.37 percent of price in that hour from 2.12 percent beforehand.
Rate changes have produced a median volatility ratio of 5.50x for Ethereum since 2021, yet this release exceeded that benchmark at 8.82x. The outcome shows that the meeting generated larger price movement and trading activity than the subset of prior adjustments alone would indicate.
Traders reviewing subsequent Federal Open Market Committee statements may observe that the combination of an actual rate shift with the limited format coincided with volatility and volume ratios well above the event's established record.
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
1,452.67Close
1,650.8924h Change
198.22 (12.01%)24h High
1,677.0024h Low
1,444.8924h Volume
1.633M ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
27th July, 2022, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1498.57 | 1500.45 | 1498.30 | 1499.64 | 0.07% | 0.14% | 717 ETH |
| During | 1499.65 | 1535.00 | 1499.52 | 1518.51 | 1.24% | 2.31% | 17,756 ETH |
| 5 Minutes | |||||||
| Before | 1502.90 | 1505.50 | 1495.99 | 1499.64 | -0.22% | 0.63% | 8,137 ETH |
| During | 1499.65 | 1584.00 | 1499.52 | 1541.60 | 2.72% | 5.33% | 89,764 ETH |
| 10 Minutes | |||||||
| Before | 1502.41 | 1505.50 | 1495.99 | 1499.64 | -0.18% | 0.63% | 14,018 ETH |
| During | 1499.65 | 1584.00 | 1499.52 | 1547.13 | 3.07% | 5.33% | 120,070 ETH |
| 15 Minutes | |||||||
| Before | 1504.97 | 1506.84 | 1495.99 | 1499.64 | -0.36% | 0.72% | 20,408 ETH |
| During | 1499.65 | 1584.00 | 1499.52 | 1536.95 | 2.43% | 5.33% | 137,474 ETH |
| 30 Minutes | |||||||
| Before | 1506.06 | 1509.18 | 1495.99 | 1499.64 | -0.43% | 0.87% | 36,330 ETH |
| During | 1499.65 | 1584.00 | 1499.52 | 1552.43 | 3.40% | 5.33% | 172,629 ETH |
| 1 Hour | |||||||
| Before | 1484.71 | 1509.18 | 1477.40 | 1499.64 | 1.00% | 2.11% | 75,418 ETH |
| During | 1499.65 | 1595.00 | 1499.52 | 1581.00 | 5.15% | 5.99% | 335,767 ETH |
| 2 Hours | |||||||
| Before | 1489.20 | 1519.25 | 1477.40 | 1499.64 | 0.70% | 2.75% | 152,212 ETH |
| During | 1499.65 | 1615.00 | 1499.52 | 1587.96 | 5.56% | 7.15% | 488,275 ETH |
| 4 Hours | |||||||
| Before | 1491.19 | 1519.25 | 1477.40 | 1499.64 | 0.56% | 2.75% | 227,903 ETH |
| During | 1499.65 | 1621.32 | 1499.52 | 1606.94 | 6.68% | 7.51% | 601,784 ETH |
| 6 Hours | |||||||
| Before | 1452.68 | 1519.25 | 1444.91 | 1499.64 | 3.13% | 4.89% | 343,473 ETH |
| During | 1499.65 | 1644.44 | 1499.52 | 1635.74 | 8.32% | 8.81% | 731,231 ETH |
| 8 Hours | |||||||
| Before | 1452.67 | 1496.99 | 1444.89 | 1491.19 | 2.58% | 3.48% | 341,567 ETH |
| During | 1491.19 | 1621.32 | 1477.40 | 1606.94 | 7.20% | 8.88% | 829,687 ETH |
| 12 Hours | |||||||
| Before | 1452.67 | 1519.25 | 1444.89 | 1499.64 | 3.13% | 4.89% | 569,470 ETH |
| During | 1499.65 | 1677.00 | 1499.52 | 1650.89 | 9.16% | 10.58% | 1.064M ETH |
