Data Analysis
The release
Released by the Bureau of Economic Analysis on 31 March 2022 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.7% for February 2022, against 0.0% in January 2022. Personal income is rising faster than before.
It arrived at the same moment as Personal Consumption Expenditures, Core Personal Consumption Expenditures, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Ethereum moved
Ethereum was at $3,421.88 when the figure came out. Fifteen minutes later it was 0.27% higher, and an hour later 0.48% lower. Its high-to-low range in the hour after was 1.29% of its price, against 0.64% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 2.11x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 3.80x, 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, Personal Income 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 2.11x compares with 1.77x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 69 Personal Income releases since 2021, Ethereum's median volatility ratio is 1.80x.
What it means
Ordinary volatility response
Ethereum posted a volatility ratio of 2.11x after the Personal Income release, near the 1.80x median recorded across 69 such events since 2021. Volume expanded to 3.80x its baseline level, above the 2.15x typical mark. The price opened at $3,421.88, rose 0.27% within fifteen minutes and fell 0.48% within one hour, while the hourly range reached 1.29% compared with 0.64% beforehand.
Clometrix classifies the move as ordinary for this event. It occurred 33 days before the next Federal Reserve decision and therefore outside the two-week window.
Releases inside that window have produced a median volatility ratio of 1.86x for Ethereum since 2021, almost identical to the 1.77x median at other times. Traders following future Personal Income prints can observe that the event has generated comparable volatility irrespective of its timing relative to policy meetings.
About Personal Income and Outlays
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.
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
3,399.01Close
3,295.4824h Change
-103.53 (-3.14%)24h High
3,444.8324h Low
3,261.3524h Volume
458,429 ETHUS Personal Income and Outlays
Bureau of Economic Analysis
31st March, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3420.43 | 3421.89 | 3416.90 | 3421.89 | 0.04% | 0.15% | 339 ETH |
| During | 3421.88 | 3423.00 | 3417.38 | 3420.32 | -0.05% | 0.16% | 278 ETH |
| 5 Minutes | |||||||
| Before | 3407.72 | 3421.89 | 3407.72 | 3421.89 | 0.41% | 0.41% | 1,832 ETH |
| During | 3421.88 | 3438.44 | 3417.38 | 3438.42 | 0.48% | 0.61% | 4,202 ETH |
| 10 Minutes | |||||||
| Before | 3407.06 | 3421.89 | 3403.34 | 3421.89 | 0.43% | 0.54% | 3,031 ETH |
| During | 3421.88 | 3444.83 | 3417.38 | 3440.55 | 0.54% | 0.80% | 8,065 ETH |
| 15 Minutes | |||||||
| Before | 3410.80 | 3421.89 | 3403.34 | 3421.89 | 0.32% | 0.54% | 3,640 ETH |
| During | 3421.88 | 3444.83 | 3417.38 | 3431.26 | 0.27% | 0.80% | 11,820 ETH |
| 30 Minutes | |||||||
| Before | 3409.19 | 3421.89 | 3403.34 | 3421.89 | 0.37% | 0.54% | 5,981 ETH |
| During | 3421.88 | 3444.83 | 3417.38 | 3428.44 | 0.19% | 0.80% | 15,548 ETH |
| 1 Hour | |||||||
| Before | 3404.50 | 3421.89 | 3400.00 | 3421.89 | 0.51% | 0.64% | 12,654 ETH |
| During | 3421.88 | 3444.83 | 3400.65 | 3405.40 | -0.48% | 1.28% | 30,772 ETH |
| 2 Hours | |||||||
| Before | 3417.79 | 3422.08 | 3400.00 | 3421.89 | 0.12% | 0.65% | 21,847 ETH |
| During | 3421.88 | 3444.83 | 3335.60 | 3342.43 | -2.38% | 3.17% | 89,687 ETH |
| 4 Hours | |||||||
| Before | 3403.55 | 3428.00 | 3399.01 | 3421.89 | 0.54% | 0.85% | 49,326 ETH |
| During | 3421.88 | 3444.83 | 3290.65 | 3295.95 | -3.82% | 4.48% | 170,603 ETH |
| 6 Hours | |||||||
| Before | 3396.31 | 3428.00 | 3393.18 | 3421.89 | 0.75% | 1.02% | 67,802 ETH |
| During | 3421.88 | 3444.83 | 3261.35 | 3287.76 | -4.08% | 5.33% | 239,691 ETH |
| 8 Hours | |||||||
| Before | 3399.01 | 3424.83 | 3385.11 | 3403.54 | 0.13% | 1.16% | 82,785 ETH |
| During | 3403.55 | 3444.83 | 3290.65 | 3295.95 | -3.26% | 4.48% | 219,929 ETH |
| 12 Hours | |||||||
| Before | 3399.01 | 3428.00 | 3385.11 | 3421.89 | 0.67% | 1.25% | 132,111 ETH |
| During | 3421.88 | 3444.83 | 3261.35 | 3295.48 | -3.84% | 5.33% | 326,318 ETH |
