Elemental Absorber is a Continuous Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Elemental Absorber is Unlimited.
YGOPRODeck lists Elemental Absorber for these formats: Duel Links, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Elemental Absorber appears in Dark Revelation Volume 4 (DR04-EN236) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Elemental Absorber is about $0.33 on TCGPlayer (prices change frequently).
