Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 5.47x, against 4.18x for a typical Fed Interest Rate release since 2021. Its volume ratio was 5.56x, 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 $1,114.24 when the figure came out. Fifteen minutes later it was 4.47% lower, and an hour later 5.18% higher. Its high-to-low range in the hour after was 16.36% of its price, against 6.86% in the hour before.
The release
Released by the Federal Open Market Committee on 15 June 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 1.50–1.75%.
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 changed the rate. Its own ratio of 5.47x compares with 5.50x 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
Ethereum posted a strong reaction to the June 2022 Federal Open Market Committee decision that lifted the federal funds target range by 75 basis points to 1.50-1.75 percent. Its volatility ratio reached 5.47x against the 4.18x median recorded across 46 Fed Interest Rate releases since 2021, while the volume ratio came in at 5.56x against a typical 7.50x. The price stood at $1,114.24 at the 2:00 PM release, fell 4.47 percent within fifteen minutes, then stood 5.18 percent higher after one hour, with the hourly high-to-low range widening to 16.36 percent of price from 6.86 percent beforehand.
Rate changes have produced larger moves in Ethereum than holds, carrying a 5.50x median volatility ratio across 18 instances versus 3.49x across 28 holds. This release aligned closely with that pattern at 5.47x. The outcome therefore reflected the circumstances that have historically accompanied policy shifts rather than an outlier response.
Traders monitoring future rate decisions can note that Ethereum's sensitivity has been greater when the committee adjusts the target range. The record supplies no basis for assuming any particular magnitude on the next occasion, yet it indicates that volatility ratios near or above 5x have been more common following changes than following holds.
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
1,123.93Close
1,182.8624h Change
58.93 (4.98%)24h High
1,257.8524h Low
1,014.4024h Volume
2.929M ETHUS Federal Reserve Interest Rate Decision
Federal Open Market Committee
15th June, 2022, 2:00PM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1105.97 | 1124.62 | 1102.99 | 1114.25 | 0.74% | 1.92% | 3,806 ETH |
| During | 1114.24 | 1135.00 | 1067.70 | 1110.32 | -0.35% | 5.93% | 14,502 ETH |
| 5 Minutes | |||||||
| Before | 1111.37 | 1134.99 | 1098.10 | 1114.25 | 0.26% | 3.25% | 21,755 ETH |
| During | 1114.24 | 1135.00 | 1067.70 | 1078.84 | -3.28% | 5.93% | 52,660 ETH |
| 10 Minutes | |||||||
| Before | 1080.13 | 1134.99 | 1078.13 | 1114.25 | 3.06% | 5.01% | 32,405 ETH |
| During | 1114.24 | 1135.00 | 1051.04 | 1062.38 | -4.88% | 7.40% | 92,700 ETH |
| 15 Minutes | |||||||
| Before | 1082.62 | 1134.99 | 1078.13 | 1114.25 | 2.84% | 5.01% | 38,345 ETH |
| During | 1114.24 | 1135.00 | 1045.00 | 1064.44 | -4.68% | 7.93% | 121,453 ETH |
| 30 Minutes | |||||||
| Before | 1074.75 | 1134.99 | 1060.22 | 1114.25 | 3.54% | 6.59% | 63,361 ETH |
| During | 1114.24 | 1135.00 | 1045.00 | 1094.96 | -1.76% | 7.93% | 172,828 ETH |
| 1 Hour | |||||||
| Before | 1078.66 | 1134.99 | 1058.58 | 1114.25 | 3.19% | 6.73% | 117,683 ETH |
| During | 1114.24 | 1227.29 | 1045.00 | 1171.97 | 4.93% | 14.85% | 426,088 ETH |
| 2 Hours | |||||||
| Before | 1120.17 | 1134.99 | 1058.58 | 1114.25 | -0.53% | 6.73% | 210,740 ETH |
| During | 1114.24 | 1227.29 | 1045.00 | 1171.03 | 4.85% | 14.85% | 628,754 ETH |
| 4 Hours | |||||||
| Before | 1140.00 | 1154.87 | 1058.58 | 1114.25 | -2.31% | 8.34% | 399,319 ETH |
| During | 1114.24 | 1250.00 | 1045.00 | 1227.00 | 9.19% | 16.40% | 750,621 ETH |
| 6 Hours | |||||||
| Before | 1120.05 | 1164.00 | 1058.58 | 1114.25 | -0.52% | 9.06% | 673,956 ETH |
| During | 1114.24 | 1250.00 | 1045.00 | 1237.52 | 9.96% | 16.40% | 890,920 ETH |
| 8 Hours | |||||||
| Before | 1123.93 | 1164.00 | 1014.40 | 1140.00 | 1.41% | 12.85% | 1.319M ETH |
| During | 1140.00 | 1250.00 | 1045.00 | 1227.00 | 7.09% | 16.40% | 1.15M ETH |
| 12 Hours | |||||||
| Before | 1123.93 | 1164.00 | 1014.40 | 1114.25 | -0.87% | 12.85% | 1.719M ETH |
| During | 1114.24 | 1257.85 | 1045.00 | 1182.86 | 5.80% | 16.92% | 1.211M ETH |
