ETH Volatility Analysis for Personal Income, 23rd December 2022

Data Analysis

Measured by Clometrix

Ethereum's volatility ratio was 11.77x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 24.99x, against a typical 2.15x. That is more than twice 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.

How Ethereum moved

Ethereum was at $1,220.88 when the figure came out. Fifteen minutes later it was 0.42% higher, and an hour later 0.37% lower. Its high-to-low range in the hour after was 1.8% of its price, against 0.5% in the hour before.

The release

Released by the Bureau of Economic Analysis on 23 December 2022 at 8:30 AM EST. The Personal Income and Outlays came in at 0.3% for November 2022, against 0.7% in October 2022. Personal income is still rising, but more slowly than before.

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

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 11.77x 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

Ethereum showed an exceptional reaction to the Personal Income release. Volatility reached 11.77x against the 1.80x median across 69 such events since 2021. Volume expanded to 24.99x versus the typical 2.15x.

Price movement remained contained in net terms yet produced a wider range. Ethereum traded at $1,220.88 at the 8:30 AM release. It stood 0.42% higher fifteen minutes later and 0.37% lower after one hour. The high-to-low range in that hour reached 1.8% of price compared with 0.5% in the prior hour.

The release printed 0.3% for November against 0.7% in October and arrived alongside Durable Goods Orders and PCE figures. This Personal Income print fell outside the two-week window ahead of the next Federal Reserve decision. Releases in that window have shown a median volatility ratio of 1.86x, nearly identical to the 1.77x median at other times. The 11.77x outcome here therefore exceeded what the timing alone would indicate.

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

1,216.56

Close

1,218.94

24h Change

2.38 (0.20%)

24h High

1,231.99

24h Low

1,210.00

24h Volume

275,737 ETH

US Personal Income and Outlays

Bureau of Economic Analysis

23rd December, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before1224.281224.291220.561220.88-0.28%0.30%2,474 ETH
During1220.881230.661210.001230.220.76%1.68%15,508 ETH
 
5 Minutes
Before1225.371226.491220.561220.88-0.37%0.48%3,471 ETH
During1220.881231.991210.001220.840.00%1.78%29,648 ETH
 
10 Minutes
Before1225.421226.491220.561220.88-0.37%0.48%4,437 ETH
During1220.881231.991210.001227.270.52%1.78%39,311 ETH
 
15 Minutes
Before1223.451226.681220.561220.88-0.21%0.50%6,721 ETH
During1220.881231.991210.001225.970.42%1.78%44,525 ETH
 
30 Minutes
Before1224.751226.681220.561220.88-0.32%0.50%10,190 ETH
During1220.881231.991210.001220.80-0.01%1.78%52,649 ETH
 
1 Hour
Before1223.811226.681220.561220.88-0.24%0.50%17,382 ETH
During1220.881231.991210.001216.39-0.37%1.78%63,551 ETH
 
2 Hours
Before1222.831226.681220.561220.88-0.16%0.50%24,955 ETH
During1220.881231.991210.001220.11-0.06%1.78%89,357 ETH
 
4 Hours
Before1217.601226.681216.901220.880.27%0.80%48,538 ETH
During1220.881231.991210.001218.50-0.20%1.78%105,622 ETH
 
6 Hours
Before1222.481226.681215.781220.88-0.13%0.89%68,488 ETH
During1220.881231.991210.001219.77-0.09%1.78%117,774 ETH
 
8 Hours
Before1216.561229.351215.291217.610.09%1.14%79,229 ETH
During1217.601231.991210.001218.500.07%1.78%154,160 ETH
 
12 Hours
Before1216.561229.351215.291220.880.35%1.14%127,766 ETH
During1220.881231.991210.001218.94-0.16%1.78%147,971 ETH

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