$ERA Drops 25% – Bounce Zone or Breakdown Risk Below $1.38?

ERA/USDT is currently trading at $1.3843, posting a significant -15.58% drop in the last 24 hours. After a steep decline from $1.94, the price is now hovering at a critical horizontal support level. With narrowing price action and massive bid dominance, traders are watching closely for a reaction near the $1.38 zone.

Key Technical Levels

• Resistance Zone: $1.4050 – $1.4250

A confirmed move above this area could trigger a short-term relief rally.

• Support Zone: $1.3550 – $1.3800

This range is the final defense before potential capitulation toward deeper lows.

Trade Setup – Decision Time for ERA Bulls

Bullish Reversal Setup

Entry: Break and hold above $1.4250

Target 1: $1.4700

Target 2: $1.5200

Bearish Breakdown Setup

Entry: Fall below $1.3550

Target 1: $1.3000

Target 2: $1.2500

ERA is showing heavy downside momentum but signs of accumulation at the base. A relief bounce is possible if buyers hold $1.38+, but a failure could trigger a new wave of selling. Volume confirmation is essential.

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