Opinion: The probability of a short-term upward trend in the crypto market has increased, potentially driving ETH and SOL to recover key price ranges.

CoinFeed reported on March 16th that, according to trader Pigeon, the crypto market has shown resilience amidst a weakening global risk asset environment, marking the first significant sign of relative strength since Bitcoin's decline from above $60,000. He stated that he prefers buying on dips after a breakout from consolidation ranges rather than bottom-fishing to manage risk. With several altcoins exhibiting rounded bottom patterns, the probability of a short-term upward move in the crypto market has increased. If Bitcoin stabilizes above $74,000, ETH may return to the $2,400 range, and SOL may rebound to around $100.