Market update ERA/USDT 🚀
Currently, ERA is trading around 0.8406, slightly down -1.18% compared to the previous session. After reaching a peak near 0.8600, the price has made a correction to test the buying power. The trading volume recorded at 3.37 million ERA indicates that the market maintains stable interest from investors, with no signs of massive liquidation.
Technically, the range of 0.8527 – 0.8600 continues to be an important short-term resistance. This is the area where sellers often appear strongly, making it difficult for the price to break out decisively. Conversely, the range of 0.8308 – 0.8252 is playing a short-term support role. If it holds, this could be the foundation for a new recovery.
Bullish scenario: If the bulls can reclaim the level of 0.8527, the upward momentum will be reinforced, opening up opportunities to test and break above the threshold of 0.8600. At that point, the positive trend may extend to higher ranges in the medium term.
Bearish scenario: If the support at 0.8252 is breached, the market is likely to enter a deeper correction phase, testing lower levels before forming the next recovery wave.
In summary, ERA is in an accumulation phase with clear ranges. Traders need to closely observe price reactions at the two levels of 0.8527 and 0.8252 to determine the next direction.
