Data Analysis
The release
Released by the Bureau of Labor Statistics on 1 November 2024 at 8:30 AM EDT. The economy added 44K jobs for October 2024, according to Non-Farm Payrolls, after a gain of 240K in September 2024.
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 $2,519.61 when the figure came out. Fifteen minutes later it was 0.64% higher, and an hour later 0.67% higher. Its high-to-low range in the hour after was 1.07% of its price, against 0.36% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 3.06x, against 3.33x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 5.30x, against a typical 5.22x. That is about 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.
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 came out 6 days before the Federal Reserve's 7 November rate decision. Its own ratio of 3.06x compares with 3.21x for those, about what 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
2,529.64Close
2,517.1524h Change
-12.49 (-0.50%)24h High
2,586.8024h Low
2,467.6724h Volume
428,882 ETHUS Non-Farm Payrolls
Bureau of Labor Statistics
1st November, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 2518.99 | 2520.23 | 2518.60 | 2519.60 | 0.02% | 0.06% | 204 ETH |
| During | 2519.61 | 2523.70 | 2517.70 | 2517.70 | -0.08% | 0.24% | 2,165 ETH |
| 5 Minutes | |||||||
| Before | 2521.09 | 2522.00 | 2518.60 | 2519.60 | -0.06% | 0.13% | 717 ETH |
| During | 2519.61 | 2532.00 | 2516.14 | 2526.33 | 0.27% | 0.63% | 5,478 ETH |
| 10 Minutes | |||||||
| Before | 2521.43 | 2523.66 | 2518.60 | 2519.60 | -0.07% | 0.20% | 1,404 ETH |
| During | 2519.61 | 2543.14 | 2516.14 | 2543.00 | 0.92% | 1.06% | 11,262 ETH |
| 15 Minutes | |||||||
| Before | 2520.78 | 2523.66 | 2518.60 | 2519.60 | -0.05% | 0.20% | 2,175 ETH |
| During | 2519.61 | 2543.14 | 2516.14 | 2535.74 | 0.64% | 1.06% | 14,533 ETH |
| 30 Minutes | |||||||
| Before | 2515.44 | 2523.66 | 2514.69 | 2519.60 | 0.17% | 0.36% | 3,944 ETH |
| During | 2519.61 | 2543.14 | 2516.14 | 2536.80 | 0.68% | 1.06% | 18,478 ETH |
| 1 Hour | |||||||
| Before | 2523.08 | 2523.66 | 2514.69 | 2519.60 | -0.14% | 0.36% | 7,521 ETH |
| During | 2519.61 | 2543.14 | 2516.14 | 2536.45 | 0.66% | 1.06% | 24,613 ETH |
| 2 Hours | |||||||
| Before | 2518.40 | 2525.80 | 2512.88 | 2519.60 | 0.05% | 0.51% | 21,212 ETH |
| During | 2519.61 | 2586.80 | 2516.14 | 2574.70 | 2.14% | 2.73% | 71,372 ETH |
| 4 Hours | |||||||
| Before | 2513.00 | 2525.80 | 2494.55 | 2519.60 | 0.26% | 1.24% | 47,781 ETH |
| During | 2519.61 | 2586.80 | 2481.68 | 2523.70 | 0.16% | 4.06% | 162,660 ETH |
| 6 Hours | |||||||
| Before | 2506.46 | 2525.80 | 2485.35 | 2519.60 | 0.52% | 1.60% | 80,188 ETH |
| During | 2519.61 | 2586.80 | 2481.68 | 2516.20 | -0.14% | 4.06% | 195,802 ETH |
| 8 Hours | |||||||
| Before | 2529.64 | 2533.25 | 2467.67 | 2513.01 | -0.66% | 2.59% | 132,239 ETH |
| During | 2513.00 | 2586.80 | 2481.68 | 2523.70 | 0.42% | 4.06% | 210,441 ETH |
| 12 Hours | |||||||
| Before | 2529.64 | 2533.25 | 2467.67 | 2519.60 | -0.40% | 2.59% | 180,020 ETH |
| During | 2519.61 | 2586.80 | 2481.68 | 2517.15 | -0.10% | 4.06% | 248,862 ETH |
