Against the trend, ERA, which was analyzed in the skirt yesterday afternoon, is about to break the target level of 1.5, and it can be reduced while keeping a bottom position.
ERA has been consolidating at the bottom on the four-hour chart, and under the leadership of Ethereum, a bearish engulfing pattern has emerged, but there has not been a significant breakdown. The outlook remains bullish towards 1.7.
From the project's perspective, the team still has some strength. ERA provides high throughput, low latency, and customizable features to optimize the performance and user experience of decentralized applications, capable of processing hundreds of transactions per second with confirmation times in the sub-second range, and has raised over 24 million USD to further strengthen the project and gain institutional recognition.
