From the $ERA K line: Although ERA has pulled back, the fact that it was able to rise above 1.3 earlier indicates that there is capital willing to chase higher prices. Now the price is testing the key support near 1.24, which has previously withstood declines, showing some support strength.

Looking at the MACD: Although there are red bars, they have not continued to expand and there are even signs of contraction, indicating that the bearish momentum is weakening. If it can break through the short-term resistance levels of 1.266/1.288 with increased volume later, combined with the capital memory from the previous rise, it is very likely to regain upward momentum.