Ehwaz is the vowel sound of a short e, as in “get”
Anglo-Saxon Rune Poem (from ragweedforge.com)
The horse is a joy to princes in the presence of warriors.
A steed in the pride of its hoofs,when rich men on horseback bandy words about it;and it is ever a source of comfort to the restless
Ehwaz translates as horse. The horse was and is a domestic animal of great value. While most of modern transportation has replaced horses as the original means of expediting a trip, we still retain the association, for example in “horsepower” (which is the power of an automobiles engine). As I mentioned in Audh-runa, this rune is one of those runes of wealth, a joy to princes, warriors, rich men, and a comfort to the restless (meaning I think to those who travel, or have great wanderlust).
The esoteric meaning to me is about speed, motion and movement. Horsepower in vehicles, is the power of the car to move, and to move quickly. The more horsepower, the faster it goes. So it is with horses. They could quickly get you moving, much faster then on foot, and your journey (raidho) could get you there quicker, but also go much farther and faster. So, I expect today to be filled with a great deal of speed, movement and motion. That motion maybe cyclical (like a journey that eventually takes you back home) but it will definitely be fast.