Technical analysis for ERA/USDT:

🔹 Current price: 1.5808

🔹 24-hour high: +86.83%

🔹 Highest price of the day: 1.7100

🔹 Lowest price of the day: 0.8361

Technical indicators:

EMA 50 (50-period moving average): 1.5482 (below the current price, dynamic support).

EMA 150: 1.5086 (strong support confirming the upward trend).

Candlestick pattern: There is a downward correction after reaching the peak at 1.5987, but it is still above the support at 1.5480.

Important points:

✅ The price is breaking through the moving averages and stabilizing above them, indicating strong upward momentum.

✅ High trading volume enhances the upward movement.

⚠️ There is nearby resistance at 1.60 – 1.71 (today's peak), which may lead to a correction or volatility.

Forecast:

Positive scenario: If the price remains above 1.5480, it could retest 1.5987 then 1.71.

Negative scenario: A break below the support of 1.5480 could push it back to 1.5080 or even 1.45.

📌 Recommendation:

For traders: Monitor the price at the resistance of 1.60 – gradual profit-taking.

For investors: Hold as long as the price is above EMA50.