The release
Released by the Bureau of Economic Analysis on 30 May 2025 at 8:30 AM EDT. The Personal Consumption Expenditures came in at 0.2% for April 2025, against 0.0% in March 2025. Prices are rising again, after a fall.
It arrived at the same moment as Personal Income and Outlays and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.
How Ethereum moved
Ethereum was at $2,594.60 when the figure came out. Fifteen minutes later it was 0.84% higher, and an hour later unchanged. Its high-to-low range in the hour after was 1.29% of its price, against 1.85% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 1.89x, against 1.80x for a typical PCE release since 2021. Its volume ratio was 1.35x, against a typical 2.15x. 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, 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 1.89x compares with 1.77x for those, about what its circumstances would suggest.
Its record
Across 69 PCE releases since 2021, Ethereum's median volatility ratio is 1.80x.
What it means
Ordinary volatility response
Ethereum registered a standard reaction to the PCE release. Volatility reached 1.89 times the baseline for that quarter-hour of the day, close to the 1.80 times median across 69 PCE releases since 2021. The hourly high-to-low range contracted to 1.29 percent of price from 1.85 percent in the preceding hour.
Volume rose only 1.35 times against the 2.15 times typical for the event. The 0.2 percent month-over-month April reading arrived together with Personal Income and Core PCE prints, yet the combined releases produced movement in line with the event's usual footprint on the coin.
Positioned 18 days before the next Federal Reserve decision, the 1.89 times volatility ratio matched the 1.77 times median observed for PCE releases outside the two-week window. Clometrix classifies the overall response as ordinary. Traders preparing for the subsequent PCE release can therefore anticipate a comparable magnitude of price action absent a larger surprise or a shift in the surrounding calendar.
How it compares
Across 69 PCE releases since 2021, Ethereum's usual price swing is 1.80x. This one was 1.05 times the usual.
Thin line: PCE's usual, 1.80x. Thick line: this release, 1.89x.
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 | 2603.81 | 2593.20 | 2601.86 | 0.28% | 0.41% | 0.08% | 1,610 ETH |
| 5 minutes | 2611.44 | 2593.20 | 2608.99 | 0.55% | 0.70% | 0.34% | 4,336 ETH |
| 10 minutes | 2611.90 | 2593.20 | 2610.86 | 0.62% | 0.72% | 0.79% | 5,737 ETH |
| 15 minutes | 2617.99 | 2593.20 | 2616.38 | 0.83% | 0.95% | 0.92% | 8,479 ETH |
| 30 minutes | 2622.29 | 2593.20 | 2610.20 | 0.60% | 1.11% | 1.83% | 13,751 ETH |
| 1 hour | 2622.29 | 2588.87 | 2593.31 | -0.05% | 1.27% | 1.83% | 27,453 ETH |
| 2 hours | 2622.29 | 2572.56 | 2587.59 | -0.27% | 1.90% | 1.90% | 75,145 ETH |
| 4 hours | 2622.29 | 2570.00 | 2572.78 | -0.85% | 1.99% | 1.90% | 150,704 ETH |
| 6 hours | 2622.29 | 2533.20 | 2573.88 | -0.81% | 3.40% | 2.46% | 257,029 ETH |
| 8 hours | 2628.10 | 2570.00 | 2572.78 | -1.91% | 2.21% | 3.48% | 256,509 ETH |
| 12 hours | 2622.29 | 2503.09 | 2515.50 | -3.14% | 4.55% | 3.48% | 421,100 ETH |
Every coin at this release
| Coin | Price swing | Usual for PCE | Reaction |
|---|---|---|---|
| Bitcoin | 1.56x | 2.06x | Ordinary |
| Ethereum | 1.89x | 1.79x | Ordinary |
| XRP | 1.00x | 1.70x | Quiet |
| BNB | 1.25x | 1.78x | Quiet |
| Solana | 1.17x | 1.58x | Quiet |
| Dogecoin | 1.31x | 1.51x | Quiet |
| TRON | 1.43x | 1.42x | Quiet |
| Cardano | 1.36x | 1.88x | Quiet |
| Chainlink | 1.60x | 1.61x | Ordinary |
| Sui | 1.33x | 1.52x | Quiet |
| Bitcoin Cash | 1.93x | 1.67x | Ordinary |
| Hedera | 1.17x | 1.48x | Quiet |
| Avalanche | 1.52x | 1.55x | Ordinary |
| Litecoin | 1.39x | 1.64x | Quiet |
| Gram | 1.49x | 1.29x | Quiet |
| Shiba Inu | 1.46x | 1.74x | Quiet |
| Uniswap | 1.14x | 1.48x | Quiet |
| Polkadot | 1.00x | 1.49x | Quiet |
| Aave | 2.08x | 1.57x | Strong |
| Bittensor | 0.84x | 1.68x | Quiet |
| NEAR Protocol | 0.99x | 1.37x | Quiet |
| Aptos | 1.47x | 1.70x | Quiet |
| Internet Computer | 1.28x | 1.50x | Quiet |
| POL (prev. MATIC) | 1.27x | 1.56x | Quiet |
| Filecoin | 1.51x | 1.50x | Ordinary |
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 1.89x a lot?
For a PCE release it is ordinary: the usual is 1.80x. Each report has its own usual size, and its releases show it.
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.