Data Analysis
The release
Released by the Bureau of Economic Analysis on 30 June 2022 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.4% for May 2022, against 0.4% in April 2022. Personal income is rising faster than before.
It arrived at the same moment as Personal Consumption Expenditures, Core Personal Consumption Expenditures, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
Measured by Clometrix
Ethereum's volatility ratio was 1.47x, against 1.80x for a typical Personal Income release since 2021. Its volume ratio was 2.45x, 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 $1,024.41 when the figure came out. Fifteen minutes later it was 0.89% higher, and an hour later 0.49% higher. Its high-to-low range in the hour after was 1.69% of its price, against 1.69% 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 was not within two weeks of a Fed decision. Its own ratio of 1.47x compares with 1.77x for those, so it moved the price less than its circumstances would suggest.
What it means
Ethereum registered a quiet reaction to the 30 June 2022 Personal Income release, posting a volatility ratio of 1.47x that fell below the 1.80x median recorded for the event since 2021. Volume rose to 2.45x against the typical 2.15x, yet the overall price action remained contained.
The release sat 26 days ahead of the next Federal Reserve decision, placing it outside the two-week window in which timing has historically produced only marginal differences in Ethereum volatility. Personal income printed at the same 0.4 percent rate recorded the prior month, offering no fresh surprise relative to the recent trend. Under these conditions the observed 1.47x volatility ratio sat noticeably below the 1.77x median for comparable non-Fed-window releases.
Price movement stayed modest, with Ethereum rising 0.89 percent in the first fifteen minutes and 0.49 percent after one hour while the high-to-low range matched the hour that preceded the print. Traders reviewing this episode may note that releases occurring well before policy meetings and accompanied by routine labor-market data have tended to leave limited imprint on Ethereum, even when volume registers a modest lift.
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
1,098.10Close
1,093.5224h Change
-4.58 (-0.42%)24h High
1,106.8024h Low
998.0024h Volume
1.484M ETHUS Personal Income and Outlays
Bureau of Economic Analysis
30th June, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 1023.67 | 1025.15 | 1023.10 | 1024.40 | 0.07% | 0.20% | 644 ETH |
| During | 1024.41 | 1031.85 | 1024.40 | 1029.63 | 0.51% | 0.72% | 8,661 ETH |
| 5 Minutes | |||||||
| Before | 1023.20 | 1025.15 | 1021.26 | 1024.40 | 0.12% | 0.38% | 2,921 ETH |
| During | 1024.41 | 1037.10 | 1024.40 | 1032.40 | 0.77% | 1.22% | 20,703 ETH |
| 10 Minutes | |||||||
| Before | 1018.63 | 1025.15 | 1018.55 | 1024.40 | 0.56% | 0.64% | 6,909 ETH |
| During | 1024.41 | 1037.10 | 1024.40 | 1030.24 | 0.57% | 1.22% | 25,831 ETH |
| 15 Minutes | |||||||
| Before | 1016.16 | 1025.15 | 1014.00 | 1024.40 | 0.80% | 1.09% | 9,987 ETH |
| During | 1024.41 | 1037.10 | 1024.40 | 1033.52 | 0.88% | 1.22% | 29,385 ETH |
| 30 Minutes | |||||||
| Before | 1018.48 | 1025.15 | 1014.00 | 1024.40 | 0.58% | 1.09% | 20,125 ETH |
| During | 1024.41 | 1041.67 | 1024.40 | 1032.31 | 0.77% | 1.66% | 46,215 ETH |
| 1 Hour | |||||||
| Before | 1019.05 | 1030.30 | 1012.98 | 1024.40 | 0.52% | 1.68% | 64,335 ETH |
| During | 1024.41 | 1041.67 | 1024.40 | 1029.42 | 0.49% | 1.66% | 73,353 ETH |
| 2 Hours | |||||||
| Before | 1023.30 | 1030.30 | 1011.87 | 1024.40 | 0.11% | 1.79% | 132,429 ETH |
| During | 1024.41 | 1041.67 | 998.00 | 1014.22 | -1.00% | 4.19% | 170,266 ETH |
| 4 Hours | |||||||
| Before | 1052.69 | 1054.15 | 1011.87 | 1024.40 | -2.76% | 4.01% | 284,451 ETH |
| During | 1024.41 | 1041.67 | 998.00 | 1038.48 | 1.35% | 4.19% | 324,779 ETH |
| 6 Hours | |||||||
| Before | 1078.89 | 1079.18 | 1011.87 | 1024.40 | -5.32% | 6.24% | 442,431 ETH |
| During | 1024.41 | 1046.00 | 998.00 | 1029.35 | 0.48% | 4.59% | 408,340 ETH |
| 8 Hours | |||||||
| Before | 1098.10 | 1103.16 | 1044.79 | 1052.68 | -4.31% | 5.29% | 364,885 ETH |
| During | 1052.69 | 1054.15 | 998.00 | 1038.48 | -1.37% | 5.33% | 609,230 ETH |
| 12 Hours | |||||||
| Before | 1098.10 | 1103.16 | 1011.87 | 1024.40 | -7.19% | 8.28% | 649,336 ETH |
| During | 1024.41 | 1106.80 | 998.00 | 1093.52 | 6.32% | 9.83% | 835,125 ETH |
