Data Analysis
The release
Released by the Bureau of Economic Analysis on 29 January 2021 at 8:30 AM EST. The Personal Income and Outlays came in at 0.8% for December 2020, against -0.8% in November 2020. Personal income is rising again, after a fall.
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.
Measured by Clometrix
Ethereum's volatility ratio was 0.63x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 1.16x, against a typical 2.15x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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.
How Ethereum moved
Ethereum was at $1,412.19 when the figure came out. Fifteen minutes later it was unchanged, and an hour later 0.47% higher. Its high-to-low range in the hour after was 2.14% of its price, against 1.49% in the hour before.
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 2 days after the Federal Reserve's 27 January rate decision. Its own ratio of 0.63x compares with 1.77x for those, so it moved the price less than its circumstances would suggest.
What it means
Ethereum showed little response to the Personal Income release that printed 0.8 percent for December 2020. Its volatility ratio reached only 0.63x in the quarter hour after the 8:30 AM print, well below the 1.80x median recorded for the event since 2021. Volume rose just 1.16x against the typical 2.15x, confirming that price action stayed inside normal bounds for the session.
The coin traded at $1,412.19 at the moment of release. Fifteen minutes later the price was unchanged, and after one hour it had advanced only 0.47 percent. The high-to-low range expanded modestly to 2.14 percent from 1.49 percent in the prior hour, still consistent with routine movement.
The release arrived two days after the Federal Reserve's January rate decision and outside the two-week window ahead of the March meeting. Personal Income prints in that pre-decision window have historically produced a median volatility ratio of 1.86x for Ethereum, yet this instance registered 0.63x against the broader 1.77x benchmark. Traders reviewing the record can note that quiet reactions remain possible when multiple related figures land together and the market has already absorbed the latest policy signal.
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
1,350.52Close
1,383.9124h Change
33.39 (2.41%)24h High
1,436.9024h Low
1,285.3524h Volume
2.223M ETHUS Personal Income and Outlays
Bureau of Economic Analysis
29th January, 2021, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1411.32 | 1412.39 | 1411.28 | 1412.13 | 0.06% | 0.08% | 725 ETH |
| During | 1412.19 | 1417.16 | 1412.14 | 1417.16 | 0.35% | 0.35% | 1,319 ETH |
| 5 Minutes | |||||||
| Before | 1409.73 | 1412.39 | 1408.80 | 1412.13 | 0.17% | 0.25% | 4,141 ETH |
| During | 1412.19 | 1418.00 | 1412.14 | 1414.80 | 0.18% | 0.41% | 7,098 ETH |
| 10 Minutes | |||||||
| Before | 1406.43 | 1412.39 | 1404.43 | 1412.13 | 0.40% | 0.56% | 9,071 ETH |
| During | 1412.19 | 1418.00 | 1407.80 | 1411.84 | -0.02% | 0.72% | 12,698 ETH |
| 15 Minutes | |||||||
| Before | 1405.72 | 1412.39 | 1404.43 | 1412.13 | 0.45% | 0.56% | 13,575 ETH |
| During | 1412.19 | 1418.00 | 1407.80 | 1412.75 | 0.04% | 0.72% | 20,050 ETH |
| 30 Minutes | |||||||
| Before | 1419.51 | 1422.00 | 1401.00 | 1412.13 | -0.52% | 1.48% | 36,333 ETH |
| During | 1412.19 | 1428.57 | 1407.80 | 1424.74 | 0.88% | 1.45% | 52,229 ETH |
| 1 Hour | |||||||
| Before | 1414.38 | 1422.00 | 1401.00 | 1412.13 | -0.16% | 1.48% | 79,816 ETH |
| During | 1412.19 | 1436.90 | 1406.66 | 1418.83 | 0.47% | 2.10% | 106,965 ETH |
| 2 Hours | |||||||
| Before | 1416.90 | 1429.99 | 1397.04 | 1412.13 | -0.34% | 2.30% | 213,295 ETH |
| During | 1412.19 | 1436.90 | 1371.33 | 1401.88 | -0.74% | 4.56% | 240,216 ETH |
| 4 Hours | |||||||
| Before | 1370.68 | 1429.99 | 1345.00 | 1412.13 | 2.94% | 5.94% | 559,892 ETH |
| During | 1412.19 | 1436.90 | 1365.00 | 1388.16 | -1.73% | 5.00% | 388,596 ETH |
| 6 Hours | |||||||
| Before | 1297.11 | 1429.99 | 1292.53 | 1412.13 | 8.15% | 9.61% | 880,229 ETH |
| During | 1412.19 | 1436.90 | 1321.49 | 1323.49 | -6.70% | 8.03% | 562,927 ETH |
| 8 Hours | |||||||
| Before | 1350.52 | 1396.00 | 1285.35 | 1370.65 | 1.47% | 7.93% | 681,190 ETH |
| During | 1370.68 | 1436.90 | 1345.00 | 1388.16 | 1.26% | 6.40% | 948,488 ETH |
| 12 Hours | |||||||
| Before | 1350.52 | 1429.99 | 1285.35 | 1412.13 | 4.36% | 10.11% | 1.241M ETH |
| During | 1412.19 | 1436.90 | 1313.12 | 1383.91 | -2.04% | 8.61% | 981,596 ETH |
