Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 4.36x, against 3.33x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 5.95x, against a typical 5.22x. 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 $1,852.03 when the figure came out. Fifteen minutes later it was 0.16% higher, and an hour later 0.18% lower. Its high-to-low range in the hour after was 0.86% of its price, against 0.71% in the hour before.
The release
Released by the Bureau of Labor Statistics on 7 April 2023 at 8:30 AM EDT. The economy added 85K jobs for March 2023, according to Non-Farm Payrolls, after a gain of 306K in February 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.
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 4.36x compares with 3.39x for those, so it moved the price more than its circumstances alone 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
1,872.92Close
1,859.7124h Change
-13.21 (-0.71%)24h High
1,882.6124h Low
1,841.4624h Volume
286,301 ETHUS Non-Farm Payrolls
Bureau of Labor Statistics
7th April, 2023, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1848.22 | 1852.59 | 1848.22 | 1852.02 | 0.21% | 0.24% | 309 ETH |
| During | 1852.03 | 1855.50 | 1845.35 | 1848.95 | -0.17% | 0.55% | 2,078 ETH |
| 5 Minutes | |||||||
| Before | 1850.12 | 1852.59 | 1845.00 | 1852.02 | 0.10% | 0.41% | 1,663 ETH |
| During | 1852.03 | 1857.44 | 1845.35 | 1854.12 | 0.11% | 0.65% | 7,028 ETH |
| 10 Minutes | |||||||
| Before | 1848.78 | 1852.59 | 1845.00 | 1852.02 | 0.17% | 0.41% | 3,799 ETH |
| During | 1852.03 | 1857.44 | 1842.70 | 1847.98 | -0.22% | 0.79% | 10,546 ETH |
| 15 Minutes | |||||||
| Before | 1850.90 | 1852.59 | 1845.00 | 1852.02 | 0.06% | 0.41% | 5,744 ETH |
| During | 1852.03 | 1857.44 | 1842.70 | 1854.94 | 0.16% | 0.79% | 12,903 ETH |
| 30 Minutes | |||||||
| Before | 1849.35 | 1853.47 | 1845.00 | 1852.02 | 0.14% | 0.46% | 11,619 ETH |
| During | 1852.03 | 1858.67 | 1842.70 | 1853.00 | 0.05% | 0.86% | 19,728 ETH |
| 1 Hour | |||||||
| Before | 1854.99 | 1856.55 | 1843.35 | 1852.02 | -0.16% | 0.71% | 20,257 ETH |
| During | 1852.03 | 1858.67 | 1842.70 | 1848.77 | -0.18% | 0.86% | 26,922 ETH |
| 2 Hours | |||||||
| Before | 1857.02 | 1859.06 | 1843.35 | 1852.02 | -0.27% | 0.85% | 27,212 ETH |
| During | 1852.03 | 1862.17 | 1842.70 | 1861.19 | 0.49% | 1.05% | 37,804 ETH |
| 4 Hours | |||||||
| Before | 1857.24 | 1859.20 | 1843.35 | 1852.02 | -0.28% | 0.85% | 58,334 ETH |
| During | 1852.03 | 1863.36 | 1842.70 | 1855.98 | 0.21% | 1.11% | 55,972 ETH |
| 6 Hours | |||||||
| Before | 1868.72 | 1868.92 | 1841.46 | 1852.02 | -0.90% | 1.47% | 111,724 ETH |
| During | 1852.03 | 1863.36 | 1842.70 | 1859.64 | 0.41% | 1.11% | 68,768 ETH |
| 8 Hours | |||||||
| Before | 1872.92 | 1882.61 | 1841.46 | 1857.24 | -0.84% | 2.19% | 114,385 ETH |
| During | 1857.24 | 1863.36 | 1842.70 | 1855.98 | -0.07% | 1.11% | 114,306 ETH |
| 12 Hours | |||||||
| Before | 1872.92 | 1882.61 | 1841.46 | 1852.02 | -1.13% | 2.19% | 172,719 ETH |
| During | 1852.03 | 1872.00 | 1842.70 | 1859.71 | 0.41% | 1.57% | 113,582 ETH |
