ERA/USDT 4H Chart Update – Key Support Levels and Bearish Momentum

ERA/USDT has broken below the crucial 1.2100 support level, signaling strong downside pressure.

The immediate downside target is now around 1.1575, acting as the next support zone.

If 1.1575 fails to hold, the price could further drop to the Fibonacci 0.786 level near 1.0734.

In an intense bearish scenario, the pair may even reach the previous low near 0.83xx (Fib 1.0 level).

Overall, ERA/USDT remains in a pronounced downtrend with bearish technical indicators dominating. Traders should exercise caution, monitor volume closely, and apply strict risk management when trading this pair amid the continuing bearish momentum.

#TechnicalAnalysis #CryptoTrading #SupportLevels #BearishTrend #BinanceSquare