$ERA
๐ฐ๏ธ โEnd of the ERA? โ ๏ธ Bearish M Pattern Could Trigger Selloffโ ๐๐ฃ
The charts donโt lie โ and right now, ERA looks like itโs walking into a trap ๐จ๐. A classic bearish M pattern is forming, and for seasoned traders, thatโs often the calm before a brutal dump ๐ป๐ฅ.
๐ The first top formed after a sharp rally, followed by a failed bounce that couldnโt break resistance. Now, a second peak is printing โ slightly lower โ and thatโs your M ๐๐. RSI is fading, showing zero bullish strength, and MACD just curled into a bearish crossover, confirming the shift in momentum ๐๐.
๐ Price action is weak, and volume is shrinking โ always a red flag in M setups. The sell pressure is increasing, and whales are starting to rotate out quietly. These same wallets dumped on Mintloop, Pepe2.0, and even Ethereum layer-2 pumps back in Q2 ๐๐ค.
๐ง On-chain data shows exchange balances rising, cold wallets slowing, and wallet growth stalling โ a typical pre-dump cocktail ๐น๐. BubbleMaps reveals tight clusters and rotations toward other degen plays like Boink, Rugstorm, and Chainrug ๐งช๐ฃ.
๐ Meanwhile, social sentiment is cooling rapidly. X influencers who once hyped ERA are now shilling Slothcoin, Memejuice, and Exitpump ๐คก๐๏ธ. If hype doesnโt return soon, this M-pattern could turn into a full-blown breakdown toward critical support zones โ ๏ธ๐ง.
Unless a volume spike hits hard or a major catalyst appears, the odds are stacked against ERA in the short term. Degen season is ruthless, and right now, ERA looks like itโs on the menu ๐ฝ๏ธ๐ตโ๐ซ.
๐ฏ Donโt get trapped by โone more pumpโ hopium. This chart screams manage risk now or get jeeted hard.
Because when M patterns breakโฆ they break fast ๐๐ช
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐