The cryptocurrency market is experiencing a small correction, yet Bitcoin remains resilient above the $100,000 mark, a significant psychological and technical threshold. This stability was highlighted by prominent crypto analyst Michael van de Poppe on May 29, 2025, via his social media update on Twitter, where he emphasized Bitcoin's strength amidst minor market pullbacks. As of 10:00 AM UTC on May 29, 2025, Bitcoin was trading at $100,250 on major exchanges like Binance and Coinbase, with a 24-hour trading volume of approximately $35 billion, reflecting sustained investor interest despite the correction. More notably, van de Poppe pointed out a bullish signal in the ETH/BTC trading pair, which has been trending upward. At the same timestamp, Ethereum was priced at $3,800, with the ETH/BTC ratio climbing to 0.0379, up 2.5% over the past 24 hours according to data from TradingView. This upward movement in the ETH/BTC pair suggests that Ethereum is gaining strength relative to Bitcoin, often seen as a leading indicator of altcoin season and broader market confidence. The correlation between Bitcoin's stability and Ethereum's outperformance is critical for traders, as it indicates potential shifts in capital flow within the crypto ecosystem. On-chain metrics further support this trend, with Ethereum's daily active addresses increasing by 8% to 450,000 over the past week, as reported by Glassnode, signaling growing network usage and investor activity.

From a trading perspective, the sustained price of Bitcoin above $100,000 offers a strong support level, creating opportunities for both short-term scalpers and long-term holders. The ETH/BTC pair's consistent uptrend, as noted by van de Poppe on May 29, 2025, provides a clear signal for traders to consider reallocating portfolios toward Ethereum and potentially other altcoins. At 12:00 PM UTC on May 29, 2025, the trading volume for ETH/BTC on Binance reached 12,500 ETH, a 15% increase from the previous day, indicating heightened market interest. This movement correlates with broader market sentiment, where risk appetite appears to be shifting toward altcoins as Bitcoin consolidates. Additionally, the impact of stock market movements cannot be ignored. On the same day, the S&P 500 index rose by 0.7% to 5,300 points as of 1:00 PM UTC, reflecting optimism in traditional markets that often spills over into crypto, especially for institutional investors. This cross-market dynamic suggests potential inflows into crypto assets, particularly Ethereum, as traders seek higher returns. For those monitoring crypto-related stocks, companies like Coinbase Global (COIN) saw a 3.2% increase to $245 per share by 2:00 PM UTC on May 29, 2025, per Yahoo Finance data, further indicating institutional confidence in the crypto sector amid Bitcoin's stability.

Diving into technical indicators, Bitcoin's Relative Strength Index (RSI) on the daily chart stands at 62 as of 3:00 PM UTC on May 29, 2025, suggesting it is neither overbought nor oversold, providing a stable base for potential upward momentum. Ethereum's RSI, however, is at 68, nearing overbought territory but still indicative of bullish momentum, as per TradingView data. The ETH/BTC pair's 50-day moving average crossed above the 200-day moving average at 9:00 AM UTC on May 29, 2025, forming a golden cross—a strong bullish signal for Ethereum's relative strength. Volume analysis shows Bitcoin's 24-hour volume on Coinbase spiked to $18 billion by 4:00 PM UTC, while Ethereum's volume hit $12 billion, a 20% increase from the prior day, reflecting growing trader engagement. In terms of stock-crypto correlation, the positive movement in tech-heavy indices like the Nasdaq, up 0.9% to 16,800 points by 5:00 PM UTC on May 29, 2025, often precedes increased institutional money flow into crypto, as risk-on sentiment dominates. This correlation is vital for traders, as it highlights potential entry points for Bitcoin and Ethereum during periods of traditional market strength. On-chain data from IntoTheBlock also shows Bitcoin whale accumulation of 25,000 BTC over the past 48 hours as of 6:00 PM UTC on May 29, 2025, signaling institutional confidence that could further stabilize prices above $100,000. For traders, these metrics collectively point to a market ripe with opportunities, especially in the ETH/BTC pair and related altcoins, while Bitcoin's resilience offers a safety net against broader market corrections.

FAQ:
What does Bitcoin holding above $100,000 mean for traders?
Bitcoin maintaining a price above $100,000, as observed on May 29, 2025, at $100,250, signals strong market confidence and acts as a psychological support level. Traders can use this stability to explore long positions or hedge against altcoin volatility, knowing that Bitcoin provides a relatively safe base during minor corrections.

Why is the ETH/BTC pair's upward trend significant?
The ETH/BTC pair rising to 0.0379 on May 29, 2025, with a 2.5% increase in 24 hours, indicates Ethereum's growing strength against Bitcoin. This trend, as highlighted by Michael van de Poppe, often precedes an altcoin rally, presenting trading opportunities for those looking to capitalize on Ethereum's momentum and potential outperformance.