ETH/USD is trading at $3354.55, 0.52% up since previous close. The record high levels can be seen in Ethereum since last few trading sessions along with rising volatility & high volumes. Optimism over European Investment Bank’s chances of launching a ‘digital bond’ sale on the Ethereum blockchain network led the rally in ETH/USD since this may increase investment options in the digital currencies. On global front, the soft USD post disappointing U.S Fed outlook towards not tapering down monetary support cushioned markets & digital assets. As seen in the chart, the ETH/USD tested the Fibonacci Expansion level of 100.0 indicating the chances of strong breakout if sustained.

BCH/USD is trading at $1079.89, 0.47% up since previous day close. The Bitcoin Cash (BCH) continued to trade in an upward momentum following the momentum in other Altcoins. Uncertain equity markets amid rising inflation fear raise the investment in digital assets. Last week, the U.S Joe Biden proposed to raise tax rate for wealthiest Americans to 40% in order to meet social plans which dragged down the BCH/USD to some extent. However, the growing hopes over global recovery & progressive vaccine doses remain supportive for BCH/USD. As seen in the chart, the BCH/USD crossed over MA (10) & MA (20) & hence, further buying may be recommended for the day.