ETH Volatility Analysis for Personal Income, 29th November 2018

Data Analysis

The data released by Bureau of Economic Analysis for Personal Income and Outlays on 29th November, 2018 has come in at an increase to 0.3% for October 2018. Compared to the previous release for September 2018 at 0.2%, we can see that consumer sentiment is increasing month over month.

To see the impact and volatility of ETH's price during the Personal Income release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 108,199 ETH with prices swinging between 116.62 and 124.00, representing a swing of 5.95%. Subsequently, the trading volume decreased by 29% to 76,579 ETH. Price action ranged from a low of 117.22 to a high of 121.18, a difference of 3.27%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 9,270 ETH in trading volume was observed prior to the data release. Prices ranged between a low of 116.62 to a high of 118.87, a 1.89% change. Immediately following, trading volume decreased by 45% to 5,101 ETH. At this time, Ethereum hit a low of 117.77 with a high of 119.00, a change of 1.03%.

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.