May 8, 2025 ETC Morning Market Analysis Direction: Horizontal consolidation and fluctuation. The current consolidation range is from 96800 to 97400, which is in a slight pullback and consolidation phase after a small rise. The pressure point for Bitcoin is below 97800, and the support point is 95300. If it continues to consolidate upwards for a long time without breaking through 97300, the market will experience a pullback, and the consolidation range will also see a second adjustment to between 96300 and 96800.
Ethereum is currently in a horizontal consolidation phase, with a consolidation range from 1805 to 1820. The pressure point above is 1850, and the support point below is 1780. If it does not break through 1830 after a long period of consolidation, a slight pullback will occur, maintaining a range of 1790 to 1820 for consolidation.
TRUMP continues to maintain horizontal consolidation, currently leaning towards slight upward fluctuation. The pressure point above is below 12.3, and the support point is around 10.3. If it repeatedly fails to break through 11.3, it will remain in the horizontal consolidation range of 10.3 to 10.08.
SOL is currently in a high-level horizontal consolidation leaning upwards. The pressure point above remains at 153, and the support point below is 144. Currently, during the horizontal consolidation period, it is within the range of 146 to 149. If the horizontal consolidation does not break below 146 for a long time, there is a trend to test the high of 150 again. If SOL stabilizes above 150 in the near term, there is a chance for a longer-term rise to 160 and 163.