Data Analysis
The release
Released by the Bureau of Labor Statistics on 5 January 2024 at 8:30 AM EST. The economy added 269K jobs for December 2023, according to Non-Farm Payrolls, after a gain of 141K in November 2023.
It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.
How Ethereum moved
Ethereum was at $2,246.21 when the figure came out. Fifteen minutes later it was 0.12% lower, and an hour later 0.58% lower. Its high-to-low range in the hour after was 0.93% of its price, against 0.51% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 1.59x, against 3.33x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 2.40x, against a typical 5.22x. That is a muted 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.
What made it matter
Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Ethereum about as much as those at other times: a median volatility ratio of 3.21x across 21, against 3.39x across 49. This one was not within two weeks of a Fed decision. Its own ratio of 1.59x compares with 3.39x for those, so it moved the price less than its circumstances would suggest.
Its record
Across 70 Non-Farm Payrolls releases since 2021, Ethereum's median volatility ratio is 3.33x.
About Non-Farm Payrolls
Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.
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
2,256.70Close
2,256.3424h Change
-0.36 (-0.02%)24h High
2,277.2124h Low
2,206.1724h Volume
399,644 ETHUS Non-Farm Payrolls
Bureau of Labor Statistics
5th January, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2245.68 | 2246.80 | 2245.60 | 2246.20 | 0.02% | 0.05% | 168 ETH |
| During | 2246.21 | 2246.43 | 2237.28 | 2243.82 | -0.11% | 0.41% | 1,167 ETH |
| 5 Minutes | |||||||
| Before | 2247.33 | 2247.74 | 2245.00 | 2246.20 | -0.05% | 0.12% | 1,273 ETH |
| During | 2246.21 | 2249.36 | 2237.28 | 2245.56 | -0.03% | 0.54% | 2,888 ETH |
| 10 Minutes | |||||||
| Before | 2250.33 | 2251.90 | 2245.00 | 2246.20 | -0.18% | 0.31% | 1,994 ETH |
| During | 2246.21 | 2249.36 | 2237.28 | 2241.00 | -0.23% | 0.54% | 6,581 ETH |
| 15 Minutes | |||||||
| Before | 2247.80 | 2251.90 | 2245.00 | 2246.20 | -0.07% | 0.31% | 2,886 ETH |
| During | 2246.21 | 2249.36 | 2237.28 | 2243.51 | -0.12% | 0.54% | 7,578 ETH |
| 30 Minutes | |||||||
| Before | 2242.04 | 2251.90 | 2241.09 | 2246.20 | 0.19% | 0.48% | 6,029 ETH |
| During | 2246.21 | 2249.36 | 2237.28 | 2247.41 | 0.05% | 0.54% | 11,235 ETH |
| 1 Hour | |||||||
| Before | 2248.04 | 2251.90 | 2240.55 | 2246.20 | -0.08% | 0.50% | 11,489 ETH |
| During | 2246.21 | 2252.77 | 2231.80 | 2233.19 | -0.58% | 0.93% | 22,156 ETH |
| 2 Hours | |||||||
| Before | 2244.45 | 2253.64 | 2234.29 | 2246.20 | 0.08% | 0.86% | 25,623 ETH |
| During | 2246.21 | 2252.77 | 2221.00 | 2229.71 | -0.74% | 1.41% | 54,035 ETH |
| 4 Hours | |||||||
| Before | 2259.26 | 2267.21 | 2233.23 | 2246.20 | -0.58% | 1.50% | 57,546 ETH |
| During | 2246.21 | 2252.77 | 2206.17 | 2219.01 | -1.23% | 2.07% | 98,057 ETH |
| 6 Hours | |||||||
| Before | 2264.39 | 2269.00 | 2233.23 | 2246.20 | -0.81% | 1.58% | 94,590 ETH |
| During | 2246.21 | 2252.77 | 2206.17 | 2233.74 | -0.56% | 2.07% | 118,310 ETH |
| 8 Hours | |||||||
| Before | 2256.70 | 2269.00 | 2212.00 | 2259.25 | 0.11% | 2.51% | 145,757 ETH |
| During | 2259.26 | 2267.21 | 2206.17 | 2219.01 | -1.81% | 2.69% | 155,603 ETH |
| 12 Hours | |||||||
| Before | 2256.70 | 2269.00 | 2212.00 | 2246.20 | -0.47% | 2.51% | 203,303 ETH |
| During | 2246.21 | 2277.21 | 2206.17 | 2256.34 | 0.45% | 3.12% | 196,342 ETH |
