ETH/USD is trading at $2508.55 higher than previous day. A tight range of $2600-$2000 can be seen in Ethereum since last few sessions. The traders’ cautious approach towards FOMC monetary outlook & tapering talks remained vital for equities which forces investors to shift their funds from crypto currencies. Majorly, the China imposed restrictions on financial institutions towards providing services for crypto services like access to exchanges, clearing & settlement which resulted into selling in ETH/USD. As seen in the chart, the ETH/USD seems to be sustaining the major support levels of $2000 & RSI line is also trading near lower levels of 30. This shows the slight buying bias on daily basis.

XRP/USD is trading at $1.0100, 0.23% up since previous day close. A strong recovery can be seen in Ripple as compared to other Altcoins with heavy trading volumes. Last week, the proposal of U.S President Joe Biden’s new stimulus package worth $6 trillion lowered down the momentum in crypto currencies & pushed up the equities. However, uncertainty towards FOMC monetary outlook makes the Ripple more promising amongst the digital assets. Earlier, the China’s steps of banning financial institutions and payment companies from offering services related to crypto currency transactions resulted into heavy sell-off in XRP/USD. Slight buying may be suggested for the day in XRP/USD since the pair reversed up after double bottom.