$ERA /USDT – 4H Analysis
Current Price: $1.1261
24H High/Low:
High: $1.1674
Low: $1.0921
24H Volume:
ERA: 1.13B
USDT: 1.28B
🔍 Technical Breakdown
1. Recent Trend
Consistent downtrend from the $1.45–$1.50 region.
Price made lower highs and lower lows, indicating bearish pressure.
Recent candles suggest sideways consolidation around $1.10–$1.13.
2. Support & Resistance
Immediate Support: $1.0920 (24H low, acting as a near-term floor)
Immediate Resistance: $1.1670–$1.1800 (recent lower high)
Major Resistance Above: $1.3000 (last significant breakdown zone)
3. Volume Insight
Volume spiked significantly over the last few sessions.
Despite the price stabilizing, buying pressure increased, signaling possible accumulation or short-term relief bounce coming.
4. Candlestick Patterns
Multiple small-bodied candles with wicks = indecision in the market.
A few green candles on higher volume potential for a short-term reversal or retest of upper levels.
