ETH Volatility Analysis for International Imports, 2nd July 2020

Data Analysis

The data released by Bureau of Census, Bureau of Economic Analysis for International Imports in Goods and Services on 2nd July, 2020 has come in at a decrease to $201.1B for May 2020. Compared to the previous release for April 2020 at $203.8B, we can see that foreign trade is still increasing but slowed month over month.

To see the impact and volatility of ETH's price during the International Imports release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 93,312 ETH with prices swinging between 227.00 and 229.47, representing a swing of 1.08%. Subsequently, the trading volume increased considerably by 89% to 175,952 ETH. Price action ranged from a low of 224.47 to a high of 231.42, a significant difference of 3.00%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 2,529 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 227.60 to a high of 228.13, a 0.23% change. Immediately following, trading volume increased significantly by 474% to 14,512 ETH. At this time, Ethereum hit a low of 227.67 with a high of 229.45, a significant change of 0.78%.

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.