Data Analysis
Measured by Clometrix
Ethereum's volatility ratio was 9.16x, against 3.33x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 15.47x, against a typical 5.22x. That is more than twice 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.
How Ethereum moved
Ethereum was at $3,836.76 when the figure came out. Fifteen minutes later it was 1.13% lower, and an hour later 0.71% lower. Its high-to-low range in the hour after was 1.78% of its price, against 0.77% in the hour before.
The release
Released by the Bureau of Labor Statistics on 7 June 2024 at 8:30 AM EDT. The economy added 193K jobs for May 2024, according to Non-Farm Payrolls, after a gain of 118K in April 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.
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 5 days before the Federal Reserve's 12 June rate decision. Its own ratio of 9.16x compares with 3.21x 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
3,809.48Close
3,685.6324h Change
-123.85 (-3.36%)24h High
3,841.3924h Low
3,600.0024h Volume
363,785 ETHUS Non-Farm Payrolls
Bureau of Labor Statistics
7th June, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3832.48 | 3836.77 | 3832.47 | 3836.77 | 0.11% | 0.11% | 456 ETH |
| During | 3836.76 | 3839.67 | 3788.00 | 3813.61 | -0.61% | 1.35% | 9,927 ETH |
| 5 Minutes | |||||||
| Before | 3824.73 | 3836.77 | 3824.10 | 3836.77 | 0.31% | 0.33% | 1,560 ETH |
| During | 3836.76 | 3839.67 | 3782.00 | 3792.06 | -1.18% | 1.50% | 18,434 ETH |
| 10 Minutes | |||||||
| Before | 3839.01 | 3839.01 | 3820.01 | 3836.77 | -0.06% | 0.49% | 3,976 ETH |
| During | 3836.76 | 3839.67 | 3778.40 | 3785.74 | -1.35% | 1.60% | 24,549 ETH |
| 15 Minutes | |||||||
| Before | 3834.29 | 3839.48 | 3820.01 | 3836.77 | 0.06% | 0.51% | 5,202 ETH |
| During | 3836.76 | 3839.67 | 3771.39 | 3793.26 | -1.15% | 1.78% | 28,457 ETH |
| 30 Minutes | |||||||
| Before | 3834.99 | 3841.39 | 3820.01 | 3836.77 | 0.05% | 0.56% | 9,326 ETH |
| During | 3836.76 | 3839.67 | 3771.39 | 3807.68 | -0.76% | 1.78% | 36,580 ETH |
| 1 Hour | |||||||
| Before | 3812.34 | 3841.39 | 3812.00 | 3836.77 | 0.64% | 0.77% | 16,891 ETH |
| During | 3836.76 | 3839.67 | 3771.39 | 3809.40 | -0.72% | 1.78% | 43,551 ETH |
| 2 Hours | |||||||
| Before | 3806.57 | 3841.39 | 3801.11 | 3836.77 | 0.79% | 1.05% | 22,715 ETH |
| During | 3836.76 | 3839.67 | 3771.39 | 3816.69 | -0.53% | 1.78% | 53,056 ETH |
| 4 Hours | |||||||
| Before | 3814.51 | 3841.39 | 3801.11 | 3836.77 | 0.58% | 1.05% | 31,437 ETH |
| During | 3836.76 | 3839.67 | 3771.39 | 3804.46 | -0.85% | 1.78% | 71,889 ETH |
| 6 Hours | |||||||
| Before | 3815.51 | 3841.39 | 3801.11 | 3836.77 | 0.55% | 1.05% | 41,016 ETH |
| During | 3836.76 | 3839.67 | 3600.00 | 3667.76 | -4.61% | 6.24% | 201,760 ETH |
| 8 Hours | |||||||
| Before | 3809.48 | 3825.75 | 3792.34 | 3814.51 | 0.13% | 0.87% | 39,343 ETH |
| During | 3814.51 | 3841.39 | 3771.39 | 3804.46 | -0.26% | 1.82% | 103,325 ETH |
| 12 Hours | |||||||
| Before | 3809.48 | 3841.39 | 3792.34 | 3836.77 | 0.71% | 1.28% | 70,780 ETH |
| During | 3836.76 | 3839.67 | 3600.00 | 3685.63 | -4.10% | 6.24% | 293,005 ETH |
