$ERA 15m suddenly surged 1.97%, with volume at 1.66x and an aggressive buy/sell ratio of 1.45. Price closed directly above the upper end of the recent 20-bar 5m range. OI was up 0.16% over 15m, notional value up 2.18%, with an anomaly percentile of 87.5%, ranking #22 across the entire pool. Structurally, this looks like fresh leveraged longs driving the move, not the kind of false pop caused by short covering. 24h trading volume is 71M, with sufficient depth. First, watch whether this move can hold above the upper boundary; if it can’t, it’s a false breakout.