The release
Released by the Bureau of Economic Analysis on 28 May 2026 at 8:30 AM EDT. The Personal Consumption Expenditures came in at 0.4% for April 2026, against 0.7% in March 2026. Prices are still rising, but more slowly than before.
It arrived at the same moment as Durable Goods Orders, Durable Goods Orders Excluding Transportation, Gross Domestic Product Report, Personal Income and Outlays, Core Personal Consumption Expenditures, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Ethereum's volatility ratio was 1.28x, against 1.80x for a typical PCE release since 2021. Its volume ratio was 1.06x, against a typical 2.15x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 $1,985.89 when the figure came out. Fifteen minutes later it was 0.27% higher, and an hour later unchanged. Its high-to-low range in the hour after was 0.79% of its price, against 0.48% in the hour before.
What made it matter
Since 2021, PCE 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 1.86x across 18, against 1.77x across 51. This one was not within two weeks of a Fed decision. Its own ratio of 1.28x compares with 1.77x for those, so it moved the price less than its circumstances would suggest.
What it means
This release produced little movement in Ethereum prices despite arriving alongside several other data points at the same moment. Volatility reached only 1.28x normal levels in the quarter hour after the figures arrived, well below the 1.80x median for PCE releases since 2021. Volume barely shifted at 1.06x against a typical 2.15x. Under 1.5x qualifies as no reaction at all, so the market barely registered the bundle of releases.
It rose 0.27% over the next fifteen minutes before returning to its starting level within the hour. The hourly range expanded modestly to 0.79% from 0.48% beforehand. This subdued outcome aligned with the event's distance from the next Federal Reserve decision, nineteen days later.
PCE releases have historically shown similar median volatility whether inside or outside the two-week window before policy meetings, at 1.86x across 18 cases and 1.77x across 51. Its own 1.28x ratio therefore fell short of what the timing alone would suggest. A trader might therefore watch whether proximity to the June meeting alters the similarity for the next release of this event.
How it compares
Across 69 PCE releases since 2021, Ethereum's usual price swing is 1.80x. This one was 0.71 times the usual.
Thin line: PCE's usual, 1.80x. Thick line: this release, 1.28x. Under 1.5x counts as no reaction at all.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 1990.19 | 1985.89 | 1990.18 | 0.22% | 0.22% | 0.04% | 474 ETH |
| 5 minutes | 1991.35 | 1985.89 | 1989.07 | 0.16% | 0.27% | 0.23% | 1,205 ETH |
| 10 minutes | 1992.50 | 1985.89 | 1992.09 | 0.31% | 0.33% | 0.24% | 2,194 ETH |
| 15 minutes | 1993.35 | 1985.89 | 1991.19 | 0.27% | 0.37% | 0.31% | 2,717 ETH |
| 30 minutes | 1994.58 | 1985.89 | 1991.89 | 0.30% | 0.44% | 0.47% | 4,460 ETH |
| 1 hour | 1995.00 | 1979.31 | 1986.84 | 0.05% | 0.79% | 0.48% | 10,970 ETH |
| 2 hours | 2002.50 | 1967.38 | 1989.71 | 0.19% | 1.75% | 0.69% | 48,416 ETH |
| 4 hours | 2004.81 | 1967.38 | 1998.80 | 0.65% | 1.87% | 0.84% | 82,321 ETH |
| 6 hours | 2027.30 | 1967.38 | 2021.78 | 1.78% | 2.96% | 1.30% | 116,551 ETH |
| 8 hours | 2004.81 | 1967.38 | 1998.80 | 0.59% | 1.87% | 3.07% | 111,895 ETH |
| 12 hours | 2030.00 | 1967.38 | 2014.79 | 1.43% | 3.08% | 3.07% | 165,881 ETH |
Every coin at this release
| Coin | Price swing | Usual for PCE | Reaction |
|---|---|---|---|
| Bitcoin | 1.12x | 2.06x | Quiet |
| Ethereum | 1.28x | 1.79x | Quiet |
| XRP | 0.00x | 1.70x | Quiet |
| BNB | 1.32x | 1.78x | Quiet |
| Solana | 1.52x | 1.58x | Ordinary |
| Dogecoin | 1.35x | 1.51x | Quiet |
| TRON | 1.29x | 1.42x | Quiet |
| Cardano | 2.11x | 1.88x | Ordinary |
| Chainlink | 2.01x | 1.61x | Ordinary |
| Sui | 1.52x | 1.52x | Ordinary |
| Bitcoin Cash | 1.03x | 1.67x | Quiet |
| Hedera | 1.68x | 1.48x | Ordinary |
| Avalanche | 1.80x | 1.55x | Ordinary |
| Litecoin | 1.71x | 1.64x | Ordinary |
| Gram | 2.01x | 1.29x | Strong |
| Shiba Inu | 1.36x | 1.74x | Quiet |
| Uniswap | 1.02x | 1.48x | Quiet |
| Polkadot | 1.03x | 1.49x | Quiet |
| Aave | 1.13x | 1.57x | Quiet |
| Bittensor | 1.68x | 1.68x | Ordinary |
| NEAR Protocol | 0.68x | 1.37x | Quiet |
| Aptos | 1.89x | 1.70x | Ordinary |
| Internet Computer | 1.05x | 1.50x | Quiet |
| POL (prev. MATIC) | 1.81x | 1.56x | Ordinary |
| Filecoin | 1.15x | 1.50x | Quiet |
What is the Personal Consumption Expenditures?
Personal consumption expenditures (PCE) is a measure of the prices people in the United States pay for goods and services. PCE accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP). An estimated total of personal consumption expenditures (PCE) is compiled by the Bureau of Economic Analysis as one way to measure and track changes in the prices of consumer goods over time.Questions about this page
Is 1.28x a lot?
No. Under 1.5x the market barely noticed the release.
Will the next PCE do the same?
Nobody can say. A forecast shows the range Ethereum moved in after past PCE releases, so you can plan for the likely size of the move.
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.