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Hi Noah212

Welcome to PhotoShop Gurus.

first of all a suggestion, you never want to use the eraser tool as is a pixel destructive tool, instead you may want to use a layer mask, pretty much does the same job but in a non destructive way so if something goes wrong you can always paint it back to it's original state.

No moving on, there's many techniques that will get you to accomplish that job, but the easiest one will be using a layer mask in conjunction whit a very soft brush whit low opacity, so you will paint away the edges on the image, also you could apply a gradient fill on the layer mask from white to black or the other way around from black to white depending on your needs, in order to fade the image in a linear or circular way.

Hope this helps.