$ERA /USDT 4H Technical Analysis

Current Price: $1.4120
24H Change: -6.74%
24H High / Low: $1.6165 / $1.3510
Volume: 167.66M ERA

🔍 Chart Observations
Initial Listing Spike, Then Consolidation
The chart shows a massive green candle upon listing (around July 17–18), with price spiking near $2.00. Since then, ERA entered a cool-down phase with a gradual downtrend followed by sideways consolidation.

Accumulation Phase Breakout
From July 22 to 24, the price moved in a tight range ($1.10–$1.25), suggesting accumulation. A breakout above this range occurred recently, taking the price to $1.60+ before a rejection.

Short-Term Pullback in Progress
The latest candle shows a strong red bar, indicating profit-taking or minor correction after the recent rally. Support is likely around the $1.35–$1.38 zone (previous resistance turned support).

Volume Increasing Near Top
Volume has picked up in the last few sessions, especially during the breakout and recent pullback. This suggests active market participation, but also rising volatility.

Zone Level (USD) Significance

Support $1.35–$1.38 Previous resistance, likely bounce zone

Resistance $1.60–$1.62 Intraday high, critical breakout point

Breakout $1.25 Accumulation range breakout zone

Target $1.75+ If $1.60 is flipped to support