ETH Volatility Analysis for Personal Income, 1st October 2021

Data Analysis

The release

Released by the Bureau of Economic Analysis on 1 October 2021 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.3% for August 2021, against 1.1% in July 2021. Personal income is still rising, but more slowly than before.

It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

How Ethereum moved

Ethereum was at $3,261.39 when the figure came out. Fifteen minutes later it was 0.97% lower, and an hour later 0.97% lower. Its high-to-low range in the hour after was 1.45% of its price, against 1.55% in the hour before.

Measured by Clometrix

Ethereum's volatility ratio was 2.29x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 3.28x, 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 2.29x 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 on a Joint Release

Ethereum traded at $3,261.39 at the 8:30 AM release and fell 0.97% within fifteen minutes, holding that level through the first hour. The high-to-low range in that hour measured 1.45% of price, little changed from the 1.55% range seen beforehand. Volatility reached 2.29x the day's baseline quarter-hour level while volume reached 3.28x, figures that sit close to the event medians of 1.80x and 2.15x.

The print arrived together with PCE at 0.4% and core PCE at 0.3% for August, so the measured reaction reflects the combined data and fell outside the two-week window ahead of the November FOMC meeting.

Across all 69 Personal Income releases since 2021 the median volatility ratio for Ethereum stands at 1.80x. This instance therefore sits within the ordinary range once the joint-release timing is taken into account. Traders watching future prints of the same event can note that proximity to policy meetings has not produced materially different median volatility in the record to date.

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

3,024.14

Close

3,296.98

24h Change

272.84 (8.28%)

24h High

3,330.00

24h Low

2,969.07

24h Volume

653,320 ETH

US Personal Income and Outlays

Bureau of Economic Analysis

1st October, 2021, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before3263.063266.843260.373261.38-0.05%0.20%912 ETH
During3261.393265.293254.003254.08-0.22%0.35%872 ETH
 
5 Minutes
Before3262.603267.343259.323261.38-0.04%0.25%3,011 ETH
During3261.393265.293244.443245.79-0.48%0.64%3,348 ETH
 
10 Minutes
Before3257.453268.633251.483261.380.12%0.52%6,052 ETH
During3261.393265.293227.463238.14-0.72%1.16%7,982 ETH
 
15 Minutes
Before3250.123268.633245.673261.380.35%0.70%8,472 ETH
During3261.393265.293223.353229.75-0.98%1.28%14,990 ETH
 
30 Minutes
Before3235.483278.403233.523261.380.79%1.37%31,965 ETH
During3261.393265.293218.003221.69-1.23%1.45%23,454 ETH
 
1 Hour
Before3243.933278.403227.763261.380.54%1.54%51,662 ETH
During3261.393265.293218.003229.63-0.98%1.45%32,597 ETH
 
2 Hours
Before3157.223278.403150.003261.383.19%3.92%153,106 ETH
During3261.393265.293196.463204.22-1.78%2.11%60,373 ETH
 
4 Hours
Before3113.183278.403105.393261.384.54%5.28%212,280 ETH
During3261.393275.003176.423250.29-0.34%3.01%123,791 ETH
 
6 Hours
Before3010.293278.403005.023261.387.70%8.34%288,992 ETH
During3261.393295.003176.423284.990.72%3.60%168,825 ETH
 
8 Hours
Before3024.143119.002969.073113.182.86%4.81%158,458 ETH
During3113.183278.403105.393250.294.22%5.28%336,071 ETH
 
12 Hours
Before3024.143278.402969.073261.387.27%9.44%370,738 ETH
During3261.393330.003176.423296.981.08%4.61%282,582 ETH

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