ETH/USD is trading at $4094.55, 0.53% up since previous close. A strong upside can be seen in Ethereum in last two sessions; forming record high levels of $4100 with buyers supporting the crypto currency volatility. The surging rally has been contributed by European Investment Bank’s plan   of launching a ‘digital bond’ sale on Ethereum blockchain network. This may increase investment options in the digital currencies. On global front, the soft USD post disappointing U.S NFP data cushioned the equity markets & digital assets. As seen in the chart, the ETH/USD crossed major resistance of Fibonacci Expansion level of 161.0 indicating strong buying momentum on corrective dip.

BCH/USD is trading at $1482.89, 0.32% up since previous day close. The Bitcoin Cash (BCH) continued to trade on higher side amid soft USD on account of poor NFP data which raises the investment option in Gold & crypto currency. Also, an increase in awareness & popularity of digital assets after Tesla’s CEO started accepting Bitcoin as a mode of payment & sent a satellite to the moon funded by Dogecoin currency widely cushioned the other Altcoins. Earlier, the U.S Biden proposed to raise tax rate for wealthiest Americans which dragged down the BCH/USD to some extent. Strong buying on retracement may be recommended for the day in BCH/USD with a target of $1550-$1600 on higher side.