$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.
