Eugene Ng Ah Sio Becomes Bullish, Citing Natural Round Bottoms in Altcoins

KuCoinFlash

Release Time: 03/16/2026 07:46:52

Summary

Eugene Ng Ah Sio has become bullish on the crypto market, highlighting altcoins exhibiting natural rounding bottom patterns. He noted crypto’s relative strength compared to weak global risk assets—the first positive sign since Bitcoin’s drop below $60,000. A bullish trend could emerge if Bitcoin breaks above $74,000, potentially pulling ETH and SOL back into their previous price ranges.

BlockBeats news, on March 16, trader Eugene Ng Ah Sio posted on his personal channel: "I have switched to a long position. It is noteworthy that, despite the overall weakness in global risk assets, the crypto market has shown strength—this is the first sign of relative resilience in the crypto market since Bitcoin's plunge from $60,000."

Although I didn’t buy at the absolute bottom, I prefer to follow the momentum and buy after the breakout from the consolidation range, as this allows me to better manage risk.

At the same time, several altcoins have also formed very natural rounded bottom patterns, which leads me to believe that the probability of a short-term rally in the crypto market is higher. If Bitcoin effectively breaks above $74,000, the entire crypto market could be set for a broad upward move, and I expect major assets like ETH and SOL to return to their previous trading ranges (ETH at $2,400 / SOL at $100).

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