ETH Volatility Analysis for Retail Sales, 15th December 2022

Data Analysis

Measured by Clometrix

Ethereum's volatility ratio was 3.01x, against 1.43x for a typical Retail Sales release since 2021. Its volume ratio was 3.71x, against a typical 1.51x. 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 $1,277.25 when the figure came out. Fifteen minutes later it was 0.25% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.67% of its price, against 1.34% in the hour before.

The release

Released by the Bureau of Census on 15 December 2022 at 8:30 AM EST. Retail Sales came in at -1.4% for November 2022, against 1.0% in October 2022. Retail sales are falling, after a rise.

It arrived at the same moment as Retail Sales Excluding Automobiles, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

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 the day after the Federal Reserve's 14 December rate decision. Its own ratio of 3.01x compares with 1.43x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 Retail Sales releases since 2021, Ethereum's median volatility ratio is 1.43x.

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

1,307.30

Close

1,270.51

24h Change

-36.79 (-2.90%)

24h High

1,307.68

24h Low

1,259.27

24h Volume

390,517 ETH

US Retail Sales

Bureau of Census

15th December, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before1276.121277.271274.571277.270.09%0.21%1,608 ETH
During1277.251280.271275.561279.270.16%0.37%1,687 ETH
 
5 Minutes
Before1277.591277.601274.571277.27-0.03%0.24%4,590 ETH
During1277.251280.271275.101275.73-0.12%0.40%3,720 ETH
 
10 Minutes
Before1276.761278.261274.571277.270.04%0.29%7,685 ETH
During1277.251280.271273.551274.55-0.21%0.52%7,655 ETH
 
15 Minutes
Before1277.021279.201273.801277.270.02%0.42%14,432 ETH
During1277.251280.271272.221274.07-0.25%0.63%9,598 ETH
 
30 Minutes
Before1286.661286.661272.611277.27-0.74%1.09%35,440 ETH
During1277.251280.271271.731275.50-0.14%0.67%14,436 ETH
 
1 Hour
Before1289.741289.751272.611277.27-0.98%1.33%39,091 ETH
During1277.251280.271271.731276.94-0.02%0.67%19,549 ETH
 
2 Hours
Before1289.061291.351272.611277.27-0.92%1.45%49,267 ETH
During1277.251280.271263.441271.61-0.44%1.31%56,378 ETH
 
4 Hours
Before1286.391291.351272.611277.27-0.71%1.45%67,334 ETH
During1277.251280.271263.441272.26-0.39%1.31%92,047 ETH
 
6 Hours
Before1289.971291.351272.611277.27-0.99%1.45%90,475 ETH
During1277.251280.271263.441272.55-0.37%1.31%121,134 ETH
 
8 Hours
Before1307.301307.681281.121286.39-1.63%2.03%126,179 ETH
During1286.391291.351263.441272.26-1.11%2.16%159,382 ETH
 
12 Hours
Before1307.301307.681272.611277.27-2.35%2.68%193,514 ETH
During1277.251280.271259.271270.51-0.53%1.64%197,004 ETH

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