How Ethereum reacts to macro news
ETH moves 2.1× a normal hour after FOMC; 32% of releases give it a top-10% hour.
Ethereum has data for 1,304 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after US Consumer Price Index (CPI) (±0.87%, 1.7× a normal hour), the smallest after Bank of England rate decision (±0.30%, 0.8× a normal hour).
Next release that moves ETH: FOMC rate decision,
Every event, ranked by how much it moves ETH
Ranked by the move multiple: the median move after a release vs a matched normal hour. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.
| Event | × normal | Top-10% | Impact | +5m | +1h | +4h | +24h | % up +1h | n |
|---|---|---|---|---|---|---|---|---|---|
| FOMC rate decision | 2.1× | 32% | High | 0.42% | 0.74% | 1.36% | 3.28% | 60% | 72 |
| US Consumer Price Index (CPI) | 1.7× | 28% | High | 0.34% | 0.87% | 1.67% | 1.98% | 57% | 109 |
| US Nonfarm Payrolls (NFP) | 1.4× | 15% | High | 0.29% | 0.54% | 1.00% | 1.64% | 52% | 109 |
| US retail sales | 1.4× | 13% | Low | 0.16% | 0.45% | 1.07% | 1.97% | 55% | 107 |
| US GDP (advance estimate) | 1.2× | 6% | Medium | 0.10% | 0.49% | 0.68% | 1.74% | 47% | 36 |
| US initial jobless claims | 1.1× | 11% | Low | 0.18% | 0.46% | 1.00% | 2.17% | 48% | 473 |
| US PCE inflation (Personal Income and Outlays) | 1.1× | 14% | Medium | 0.23% | 0.43% | 1.10% | 2.12% | 40% | 107 |
| US Producer Price Index (PPI) | 1.1× | 13% | Medium | 0.24% | 0.51% | 0.94% | 2.31% | 56% | 109 |
| UK Consumer Price Index (CPI) | 0.9× | 13% | Low | 0.10% | 0.34% | 0.61% | 2.59% | 50% | 109 |
| Bank of England rate decision | 0.8× | 8% | Low | 0.12% | 0.30% | 1.03% | 2.73% | 51% | 73 |
Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.
Recaps where ETH moved most
Event recaps ranked by the size of ETH's first-hour move. All event recaps →
- FOMC · 15 Mar 2020 +11.05%
- US CPI · 10 Nov 2022 +8.82%
- US CPI · 13 Sep 2022 -8.12%
- FOMC · 23 Mar 2020 +8.06%
- US CPI · 10 Aug 2022 +7.75%