Data Analysis
The release
Released by the Bureau of Economic Analysis on 26 April 2024 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.6% for March 2024, against 0.4% in February 2024. Personal income is rising faster 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 $3,136.80 when the figure came out. Fifteen minutes later it was 0.22% higher, and an hour later 0.66% lower. Its high-to-low range in the hour after was 1.28% of its price, against 0.59% in the hour before.
Measured by Clometrix
Ethereum's volatility ratio was 1.52x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 2.07x, 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 came out 5 days before the Federal Reserve's 1 May rate decision. Its own ratio of 1.52x compares with 1.86x for those, so it moved the price less than its circumstances would suggest.
Its record
Across 69 Personal Income releases since 2021, Ethereum's median volatility ratio is 1.80x.
What it means
Ethereum registered an ordinary reaction to the Personal Income release, posting a volatility ratio of 1.52x against the 1.80x median recorded across 69 instances since 2021. The price stood at $3,136.80 at the moment of release, rose 0.22 percent within fifteen minutes, then finished 0.66 percent lower after one hour. The hourly high-to-low range reached 1.28 percent of spot, up from 0.59 percent in the prior hour.
Personal Consumption Expenditures and Core PCE prints arrived at the same instant, so the measured response reflects the combined data. The release occurred five days before the Federal Reserve's May policy meeting. Releases of this type in the two weeks preceding a decision have produced a median volatility ratio of 1.86x for Ethereum, yet the present outcome fell short of that benchmark.
Volume expanded by a factor of 2.07x, close to the 2.15x typical for the event. Across the longer record, Personal Income releases scheduled near policy decisions have not produced materially larger moves than those at other times. A trader reviewing the next instance may therefore treat proximity to a Federal Reserve meeting as neutral rather than an amplifier of volatility.
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
3,152.32Close
3,116.2424h Change
-36.08 (-1.16%)24h High
3,167.7024h Low
3,102.0024h Volume
252,056 ETHUS Personal Income and Outlays
Bureau of Economic Analysis
26th April, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3137.40 | 3137.85 | 3136.59 | 3136.81 | -0.02% | 0.04% | 150 ETH |
| During | 3136.80 | 3146.59 | 3136.37 | 3144.27 | 0.24% | 0.32% | 688 ETH |
| 5 Minutes | |||||||
| Before | 3136.38 | 3139.60 | 3136.38 | 3136.81 | 0.01% | 0.10% | 426 ETH |
| During | 3136.80 | 3150.61 | 3136.37 | 3144.00 | 0.23% | 0.45% | 2,599 ETH |
| 10 Minutes | |||||||
| Before | 3140.13 | 3141.42 | 3136.38 | 3136.81 | -0.11% | 0.16% | 872 ETH |
| During | 3136.80 | 3150.61 | 3136.37 | 3147.33 | 0.33% | 0.45% | 3,302 ETH |
| 15 Minutes | |||||||
| Before | 3138.21 | 3141.42 | 3133.61 | 3136.81 | -0.04% | 0.25% | 1,906 ETH |
| During | 3136.80 | 3150.61 | 3136.37 | 3143.60 | 0.22% | 0.45% | 4,065 ETH |
| 30 Minutes | |||||||
| Before | 3128.63 | 3141.98 | 3123.52 | 3136.81 | 0.26% | 0.59% | 7,731 ETH |
| During | 3136.80 | 3150.61 | 3118.60 | 3130.00 | -0.22% | 1.02% | 8,756 ETH |
| 1 Hour | |||||||
| Before | 3126.99 | 3141.98 | 3123.52 | 3136.81 | 0.31% | 0.59% | 11,267 ETH |
| During | 3136.80 | 3150.61 | 3110.38 | 3115.97 | -0.67% | 1.28% | 17,462 ETH |
| 2 Hours | |||||||
| Before | 3139.19 | 3143.52 | 3121.80 | 3136.81 | -0.08% | 0.69% | 22,853 ETH |
| During | 3136.80 | 3167.70 | 3110.38 | 3152.05 | 0.48% | 1.81% | 39,085 ETH |
| 4 Hours | |||||||
| Before | 3140.80 | 3157.99 | 3121.80 | 3136.81 | -0.13% | 1.15% | 37,882 ETH |
| During | 3136.80 | 3167.70 | 3102.00 | 3120.82 | -0.51% | 2.07% | 76,349 ETH |
| 6 Hours | |||||||
| Before | 3150.77 | 3157.99 | 3121.80 | 3136.81 | -0.45% | 1.15% | 62,228 ETH |
| During | 3136.80 | 3167.70 | 3102.00 | 3148.73 | 0.38% | 2.07% | 94,528 ETH |
| 8 Hours | |||||||
| Before | 3152.32 | 3164.08 | 3124.25 | 3140.81 | -0.37% | 1.26% | 85,391 ETH |
| During | 3140.80 | 3167.70 | 3102.00 | 3120.82 | -0.64% | 2.07% | 114,232 ETH |
| 12 Hours | |||||||
| Before | 3152.32 | 3164.08 | 3121.80 | 3136.81 | -0.49% | 1.34% | 123,273 ETH |
| During | 3136.80 | 3167.70 | 3102.00 | 3116.24 | -0.66% | 2.07% | 128,782 ETH |
