ERA is in a recovery attempt within a broader downtrend. Holding above $1.00 is key for maintaining bullish momentum, while breaking $1.10 with high volume could open a move toward $1.33. Failure to hold support risks revisiting the $0.92–$0.90 zone.
🛡 Support Levels
$1.00 – $0.997 → Psychological & 24h low, strong intraday support.
$0.923 – $0.90 → Mid-term support zone from consolidation base.
$0.51 → Historical support from the sharp drop phase.
Resistance Levels
$1.09 – $1.10 → EMA(99) & recent rejection zone.
$1.33 → Strong previous swing high.
$1.74 – $2.05 → Major resistance from the initial pump.
📊 Market Structure (4H Chart)
ERA has been in a downtrend since peaking above $2.05, followed by a prolonged consolidation phase around the $0.90–$1.05 range. Recently, price broke above the EMA(7) & EMA(25) but is still trading below the longer-term EMA(99) at $1.0936, meaning it’s attempting a short-term recovery but hasn’t confirmed a strong trend reversal yet.
💹 Volume Analysis
Past high-volume spikes occurred during the late-July rally, followed by steep selling pressure.
Current volume is low compared to July, suggesting reduced volatility but also less breakout power until buying interest increases.
Recent green volume bars show mild accumulation, but not yet at breakout-level intensity.
