Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 2.80x, against 1.25x for a typical International Exports release since 2021. Its volume ratio was 2.95x, against a typical 1.41x. 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 $3,860.01 when the figure came out. Fifteen minutes later it was 0.27% lower, and an hour later 0.54% lower. Its high-to-low range in the hour after was 1.2% of its price, against 0.4% in the hour before.
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 6 June 2024 at 8:30 AM EDT. The International Exports in Goods and Services rose to $266.4B for April 2024, from $265.6B in March 2024.
It arrived at the same moment as International Trade Balance in Goods and Services, International Imports in Goods and Services, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, International Exports releases in the two weeks before a Fed decision have moved Ethereum less than those at other times: a median volatility ratio of 1.14x across 23, against 1.39x across 47. This one came out 6 days before the Federal Reserve's 12 June rate decision. Its own ratio of 2.80x compares with 1.14x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 70 International Exports releases since 2021, Ethereum's median volatility ratio is 1.25x.
About International Exports in Goods and Services
International Exports measures economic transactions between a nation and its trading partners, showing the amount of a country's exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move out of the country. Economists use this information to gauge the relative strength of a country's economy.
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
3,864.11Close
3,809.4724h Change
-54.64 (-1.43%)24h High
3,878.6024h Low
3,760.0024h Volume
237,097 ETHUS International Exports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
6th June, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3859.31 | 3860.01 | 3859.30 | 3860.00 | 0.02% | 0.02% | 75 ETH |
| During | 3860.01 | 3866.48 | 3858.16 | 3858.17 | -0.05% | 0.22% | 1,122 ETH |
| 5 Minutes | |||||||
| Before | 3858.55 | 3860.01 | 3856.71 | 3860.00 | 0.04% | 0.09% | 436 ETH |
| During | 3860.01 | 3866.48 | 3847.82 | 3850.35 | -0.25% | 0.48% | 3,139 ETH |
| 10 Minutes | |||||||
| Before | 3856.00 | 3860.33 | 3854.09 | 3860.00 | 0.10% | 0.16% | 1,816 ETH |
| During | 3860.01 | 3866.48 | 3846.20 | 3847.85 | -0.32% | 0.52% | 4,261 ETH |
| 15 Minutes | |||||||
| Before | 3850.08 | 3860.33 | 3850.08 | 3860.00 | 0.26% | 0.27% | 2,708 ETH |
| During | 3860.01 | 3866.48 | 3845.69 | 3849.42 | -0.28% | 0.54% | 5,002 ETH |
| 30 Minutes | |||||||
| Before | 3849.51 | 3860.33 | 3846.80 | 3860.00 | 0.27% | 0.35% | 4,508 ETH |
| During | 3860.01 | 3866.48 | 3841.00 | 3845.79 | -0.37% | 0.66% | 7,519 ETH |
| 1 Hour | |||||||
| Before | 3851.50 | 3860.33 | 3844.99 | 3860.00 | 0.22% | 0.40% | 11,048 ETH |
| During | 3860.01 | 3866.48 | 3820.00 | 3839.27 | -0.54% | 1.20% | 16,652 ETH |
| 2 Hours | |||||||
| Before | 3848.34 | 3860.33 | 3844.99 | 3860.00 | 0.30% | 0.40% | 16,151 ETH |
| During | 3860.01 | 3866.48 | 3820.00 | 3840.29 | -0.51% | 1.20% | 27,916 ETH |
| 4 Hours | |||||||
| Before | 3849.50 | 3860.33 | 3842.86 | 3860.00 | 0.27% | 0.45% | 26,711 ETH |
| During | 3860.01 | 3866.48 | 3820.00 | 3849.02 | -0.29% | 1.20% | 53,536 ETH |
| 6 Hours | |||||||
| Before | 3849.50 | 3860.33 | 3838.53 | 3860.00 | 0.27% | 0.56% | 43,639 ETH |
| During | 3860.01 | 3866.48 | 3817.27 | 3831.45 | -0.75% | 1.27% | 83,268 ETH |
| 8 Hours | |||||||
| Before | 3864.11 | 3878.60 | 3838.53 | 3849.49 | -0.38% | 1.03% | 64,502 ETH |
| During | 3849.50 | 3866.48 | 3820.00 | 3849.02 | -0.01% | 1.20% | 80,246 ETH |
| 12 Hours | |||||||
| Before | 3864.11 | 3878.60 | 3838.53 | 3860.00 | -0.11% | 1.03% | 91,213 ETH |
| During | 3860.01 | 3866.48 | 3760.00 | 3809.47 | -1.33% | 2.75% | 145,885 ETH |
