Data Analysis
The release
Released by the Bureau of Census, Bureau of Economic Analysis on 5 December 2024 at 8:30 AM EST. The International Imports in Goods and Services fell to $343.8B for October 2024, from $355.2B in September 2024.
It arrived at the same moment as International Trade Balance in Goods and Services, International Exports in Goods and Services, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Ethereum's volatility ratio was 0.75x, against 1.25x for a typical International Imports release since 2021. Its volume ratio was 0.85x, against a typical 1.41x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 $3,927.00 when the figure came out. Fifteen minutes later it was 0.07% lower, and an hour later 0.29% lower. Its high-to-low range in the hour after was 0.89% of its price, against 0.65% in the hour before.
What made it matter
Since 2021, International Imports 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 13 days before the Federal Reserve's 18 December rate decision. Its own ratio of 0.75x compares with 1.14x for those, so it moved the price less than its circumstances would suggest.
About International Imports in Goods and Services
International Imports measures economic transactions between a nation and its trading partners, showing the amount of a country's imports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in to 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
3,789.69Close
3,866.5924h Change
76.90 (1.99%)24h High
3,956.0024h Low
3,677.0024h Volume
948,229 ETHUS International Imports in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th December, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3929.39 | 3929.39 | 3925.40 | 3926.99 | -0.06% | 0.10% | 324 ETH |
| During | 3927.00 | 3934.03 | 3926.59 | 3934.01 | 0.18% | 0.19% | 480 ETH |
| 5 Minutes | |||||||
| Before | 3922.75 | 3929.60 | 3922.62 | 3926.99 | 0.11% | 0.18% | 1,995 ETH |
| During | 3927.00 | 3936.99 | 3926.59 | 3936.99 | 0.25% | 0.26% | 2,267 ETH |
| 10 Minutes | |||||||
| Before | 3923.21 | 3929.60 | 3918.20 | 3926.99 | 0.10% | 0.29% | 3,702 ETH |
| During | 3927.00 | 3937.00 | 3923.77 | 3923.78 | -0.08% | 0.34% | 5,018 ETH |
| 15 Minutes | |||||||
| Before | 3917.36 | 3929.60 | 3916.77 | 3926.99 | 0.25% | 0.33% | 5,803 ETH |
| During | 3927.00 | 3937.00 | 3920.20 | 3924.35 | -0.07% | 0.43% | 6,959 ETH |
| 30 Minutes | |||||||
| Before | 3924.56 | 3929.60 | 3913.15 | 3926.99 | 0.06% | 0.42% | 12,823 ETH |
| During | 3927.00 | 3937.00 | 3914.60 | 3917.14 | -0.25% | 0.57% | 13,499 ETH |
| 1 Hour | |||||||
| Before | 3921.37 | 3938.87 | 3913.15 | 3926.99 | 0.14% | 0.65% | 27,773 ETH |
| During | 3927.00 | 3937.00 | 3902.00 | 3915.57 | -0.29% | 0.89% | 29,069 ETH |
| 2 Hours | |||||||
| Before | 3931.00 | 3943.28 | 3913.15 | 3926.99 | -0.10% | 0.76% | 56,359 ETH |
| During | 3927.00 | 3956.00 | 3861.00 | 3880.01 | -1.21% | 2.40% | 86,228 ETH |
| 4 Hours | |||||||
| Before | 3921.00 | 3943.28 | 3905.00 | 3926.99 | 0.15% | 0.97% | 113,143 ETH |
| During | 3927.00 | 3956.00 | 3861.00 | 3916.82 | -0.26% | 2.40% | 160,177 ETH |
| 6 Hours | |||||||
| Before | 3861.77 | 3943.28 | 3850.00 | 3926.99 | 1.66% | 2.37% | 187,867 ETH |
| During | 3927.00 | 3956.00 | 3859.70 | 3873.00 | -1.39% | 2.43% | 210,245 ETH |
| 8 Hours | |||||||
| Before | 3789.69 | 3922.99 | 3786.57 | 3921.00 | 3.35% | 3.48% | 337,721 ETH |
| During | 3921.00 | 3956.00 | 3861.00 | 3916.82 | -0.11% | 2.40% | 273,321 ETH |
| 12 Hours | |||||||
| Before | 3789.69 | 3943.28 | 3786.57 | 3926.99 | 3.50% | 3.97% | 450,864 ETH |
| During | 3927.00 | 3956.00 | 3677.00 | 3866.59 | -1.56% | 7.05% | 497,365 ETH |
