### 💎 **Conclusion: Short-term pressure, Long-term view on ecological integration capability**

Today, ERA is dominated by **downward trend** due to the selling pressure from airdrops, but there is technical support around $1.2. **The core outlook of Caldera depends on the cross-chain adoption rate of Metalayer and the initiation of the staking economy**: If by Q4 2025 the TVL reaches $1 billion + staking APY > 15%, ERA is expected to break through $5; on the contrary, if ecological growth stagnates or competing technologies surpass, the token may face long-term pressure. Investors need to closely monitor on-chain data (TVL/address count) and official roadmap updates.