• Current price: 1.18 USD (–14.66% in 24h from 1.38 USD intraday high)

In the last hours, the cryptocurrency $ERA has retraced from its intraday high of 1.38 USD to 1.17 USD, closing at 1.18 USD. This reflects a strong correction after a spectacular surge driven by listings on major exchanges.

📈 Market behavior

After climbing more than 100% in a matter of days —reaching peaks of ~2 USD after its debut on Binance, Coinbase, Bybit, and Upbit— ERA is now showing a bearish movement, with typical volatility in post-listing phases.

🌐 Context and catalysts of the movement

Listings on key exchanges: The appearance of ERA on leading platforms generated a 'hype' and an increase of more than 120% in one day.

Airdrop and congestion on the Ethereum network: The airdrop wreaked havoc on the network, raising gas to 36.7 Gwei and burning 30 ETH/hour, while many would release tokens 👉 selling pressure.

Crypto macro environment: The crypto market exceeds 4 trillion USD thanks to laws in the US like the Genius Act, generating an overall positive atmosphere.

🔍 Technical analysis...

  1. Intraday trend: From the peak of 1.38 USD, a correction of –14% has been activated, consolidating towards 1.17–1.20 USD.

  2. Supports and resistances: Support zone around 1.15 USD; next resistance near 1.38–1.40 USD.

  3. Volume and volatility: High volumes are observed, indicating strong participation. The RSI could fall to oversold levels in short periods, preluding a possible technical rebound.

Realistic outlook: If the support of ~1.15 USD holds in the upcoming sessions, we could see a rebound to 1.30 USD. However, a bearish breakdown catalyzed by profit-taking could drive the price towards 1.00–1.05 USD before regaining momentum.

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