Ethereum rises to last December's high, over 75,000 people liquidated in the cryptocurrency market in the last 24 hours. On July 20, news broke that after a surge in Bitcoin, Ethereum and other cryptocurrencies also began to rise collectively. As of the time of writing, Ethereum has risen above $3,760 per coin, marking the first time since last December. Data shows that in the last 24 hours, the total liquidation amount in the cryptocurrency market exceeded $200 million, with over 75,000 people liquidated.
Payment Giants Enter the Stablecoin Race! Western Union is now exploring stablecoin integration with wallet services and cross-border payment rails. With CertiK reporting a $250B stablecoin market and PancakeSwap going live on Base, the DeFi + payments trend is unstoppable. But caution! Whale cash-outs hint at volatility before regulations solidify. Smart investors are eyeing payment-related meme and DeFi projects for upcoming rebounds. Only Visa & Mastercard remain on the sidelines – for now!
🚨 $ERA Update: Fresh Analysis! • Price at $1.22 (-5% intraday), in a range of $1.20–$1.33 • Breakout watch at $1.35 — could spark move into $1.50–$1.60 • Support zones: $1.20 / deeper safety at $1.15 • Tons of liquidity on Binance — trade confidently • Keep an eye on Bridge adoption & upcoming token unlock
📊 Price & Market Snapshot Current price: ~$1.22, down ~5–6% over the past 24 hrs
24‑hr range: $1.20 – $1.33 7‑day range: $0.87 – $1.82 (all-time high at $1.95 on July 17) Market cap: ~$180 M; 24‑hr volume: ~$310 M (very strong liquidity)
🔍 Technical Trend Analysis Price Action: Following debut volatility, ERA formed a bullish pennant consolidation around $1.49–1.57 — typically a continuation pattern
Volatility: High intraday range from $1.35 to $1.85 seen 4 days ago — signals opportunity but also risk
Technical indicators: Investing.com indicates a mix of neutral/buy signals, suggesting traders should watch for breakout or breakdown
🔧 Fundamental Developments & Catalysts Major Listings: Simultaneous listing on Binance, Coinbase, Upbit, Bybit & others triggered +110% surge on launch, reaching $1.88
Bridge Launch: On July 21, Caldera Bridge Preview went live — enabling cross-rollup asset flow and strengthening network effect
On‑chain Footprint: Over 50 live rollups, $400–600 M TVL, 27M wallets — signals strong ecosystem adoption
📌 Bullish scenario: High volume breakout above $1.35 → target $1.50+ ⚠️ Bearish risk: Breakdown below $1.20 leading to test of $1.15–$1.10
🚀 Tradeer's Edge on Binance Pairs available: ERA/USDT, ERA/BNB (0.00159 BNB ≈ 1 ERA), ERA/FDUSD/TRY/USDC Liquidity hotspot: Binance accounts for 33% of all ERA volume ($105 M)
Actionable tips: Watch for breakout above $1.35 Use tight stops near $1.20 Consider trading the volatility range (1.20–1.35) Mention your referral link and write clear CTA to maximize earnings. $ERA
1. NFTs as Cultural On-Ramps: NFTs often lead sentiment shifts, especially with mainstream interest. When NFTs surge, it can signal renewed public curiosity in crypto.
2. Rising Activity on Ethereum & L2s: NFT trading volumes on Ethereum and platforms like Blur, OpenSea, and Magic Eden are picking up — usually a precursor to broader market momentum.
3. Institutional + Brand Adoption: Major brands (e.g., Nike, Starbucks, Reddit) continue experimenting with digital collectibles — this shows long-term conviction despite past cycles.
4. Crypto Market Cycles: Historically, NFT booms align with altcoin rallies. The resurgence may precede another rotation into DeFi, gaming tokens, and L1 ecosystems.
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🔴 Bearish Case: A Fleeting Hype
1. Still Speculative: Much of the recent rebound appears driven by hype (airdrops, meme NFTs) rather than organic user growth or utility.
2. Liquidity Fragility: NFT markets are less liquid than fungible tokens. Big price swings are easier to engineer and don’t always reflect broader conviction.
3. Macro Headwinds: If broader crypto sentiment dips again due to rate uncertainty or regulatory risk, NFTs will likely retrace faster than BTC or ETH.
4. Past Burnout: Many investors remain cautious after the 2021 blow-off top — retail FOMO hasn’t returned at scale yet.
1. NFTs as Cultural On-Ramps: NFTs often lead sentiment shifts, especially with mainstream interest. When NFTs surge, it can signal renewed public curiosity in crypto.
2. Rising Activity on Ethereum & L2s: NFT trading volumes on Ethereum and platforms like Blur, OpenSea, and Magic Eden are picking up — usually a precursor to broader market momentum.
3. Institutional + Brand Adoption: Major brands (e.g., Nike, Starbucks, Reddit) continue experimenting with digital collectibles — this shows long-term conviction despite past cycles.
4. Crypto Market Cycles: Historically, NFT booms align with altcoin rallies. The resurgence may precede another rotation into DeFi, gaming tokens, and L1 ecosystems.
---
🔴 Bearish Case: A Fleeting Hype
1. Still Speculative: Much of the recent rebound appears driven by hype (airdrops, meme NFTs) rather than organic user growth or utility.
2. Liquidity Fragility: NFT markets are less liquid than fungible tokens. Big price swings are easier to engineer and don’t always reflect broader conviction.
3. Macro Headwinds: If broader crypto sentiment dips again due to rate uncertainty or regulatory risk, NFTs will likely retrace faster than BTC or ETH.
4. Past Burnout: Many investors remain cautious after the 2021 blow-off top — retail FOMO hasn’t returned at scale yet.