Data Analysis
The release
Released by the Bureau of Census on 14 March 2024 at 8:30 AM EDT. Retail Sales came in at 0.7% for February 2024, against -0.8% in January 2024. Retail sales are rising again, after a fall.
It arrived at the same moment as Retail Sales Excluding Automobiles, Producer Price Index, Core Producer Price Index, 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 0.76x, against 1.43x for a typical Retail Sales release since 2021. Its volume ratio was 1.32x, against a typical 1.51x. 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 $3,939.03 when the figure came out. Fifteen minutes later it was 0.23% lower, and an hour later 0.4% lower. Its high-to-low range in the hour after was 0.92% of its price, against 1.43% in the hour before.
What made it matter
Since 2021, Retail Sales 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 1.39x across 27, against 1.43x across 43. This one came out 6 days before the Federal Reserve's 20 March rate decision. Its own ratio of 0.76x compares with 1.39x for those, so it moved the price less than its circumstances would suggest.
About Retail Sales
The U.S. Census Bureau publishes the Retail Sales report every month. It is a measure of consumer spending, an important indicator of the US GDP. Retail firms provide data on the dollar value of their retail sales and inventories. A sample of 12,000 firms is included in the final survey and 5,000 in the advanced one. The advanced estimated data is based on a subsample from the USCB complete retail & food services sample.
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
4,005.21Close
3,919.2724h Change
-85.94 (-2.19%)24h High
4,005.6924h Low
3,723.0024h Volume
654,838 ETHUS Retail Sales
Bureau of Census
14th March, 2024, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 3941.66 | 3941.66 | 3936.82 | 3939.02 | -0.07% | 0.12% | 264 ETH |
| During | 3939.03 | 3939.88 | 3933.76 | 3935.21 | -0.10% | 0.16% | 766 ETH |
| 5 Minutes | |||||||
| Before | 3930.64 | 3941.66 | 3921.80 | 3939.02 | 0.21% | 0.50% | 2,575 ETH |
| During | 3939.03 | 3939.88 | 3925.13 | 3933.79 | -0.13% | 0.37% | 2,617 ETH |
| 10 Minutes | |||||||
| Before | 3945.81 | 3946.81 | 3911.00 | 3939.02 | -0.17% | 0.91% | 9,624 ETH |
| During | 3939.03 | 3939.88 | 3925.13 | 3931.98 | -0.18% | 0.37% | 4,661 ETH |
| 15 Minutes | |||||||
| Before | 3961.19 | 3961.20 | 3911.00 | 3939.02 | -0.56% | 1.27% | 10,898 ETH |
| During | 3939.03 | 3939.88 | 3925.13 | 3930.01 | -0.23% | 0.37% | 5,899 ETH |
| 30 Minutes | |||||||
| Before | 3955.04 | 3967.40 | 3911.00 | 3939.02 | -0.41% | 1.42% | 14,100 ETH |
| During | 3939.03 | 3946.80 | 3925.13 | 3943.41 | 0.11% | 0.55% | 10,131 ETH |
| 1 Hour | |||||||
| Before | 3955.85 | 3967.40 | 3911.00 | 3939.02 | -0.43% | 1.42% | 19,839 ETH |
| During | 3939.03 | 3952.28 | 3915.94 | 3923.39 | -0.40% | 0.92% | 22,433 ETH |
| 2 Hours | |||||||
| Before | 3979.15 | 3985.99 | 3911.00 | 3939.02 | -1.02% | 1.88% | 38,697 ETH |
| During | 3939.03 | 3952.28 | 3850.00 | 3911.41 | -0.71% | 2.59% | 89,600 ETH |
| 4 Hours | |||||||
| Before | 3979.19 | 3997.70 | 3911.00 | 3939.02 | -1.02% | 2.17% | 67,133 ETH |
| During | 3939.03 | 3952.28 | 3820.20 | 3839.40 | -2.59% | 3.34% | 190,850 ETH |
| 6 Hours | |||||||
| Before | 3989.81 | 3997.70 | 3911.00 | 3939.02 | -1.29% | 2.17% | 95,701 ETH |
| During | 3939.03 | 3952.28 | 3820.20 | 3846.96 | -2.39% | 3.34% | 245,475 ETH |
| 8 Hours | |||||||
| Before | 4005.21 | 4005.69 | 3940.64 | 3979.19 | -0.65% | 1.62% | 125,314 ETH |
| During | 3979.19 | 3997.70 | 3820.20 | 3839.40 | -3.64% | 4.44% | 257,984 ETH |
| 12 Hours | |||||||
| Before | 4005.21 | 4005.69 | 3911.00 | 3939.02 | -1.68% | 2.36% | 192,448 ETH |
| During | 3939.03 | 3952.28 | 3723.00 | 3919.27 | -0.50% | 5.80% | 462,390 ETH |
