#MetaplanetBTCPurchase

Ethereum is facing selling pressure, as it is trading below its key moving averages. The price range between $2,550 and $2,580 serves as a pivotal resistance, and successfully breaking through it could unleash buying momentum that pushes the price towards levels of $2,607 and $2,647. Conversely, if the price fails to overcome this resistance, it may retreat to test support areas at $2,440 and then $2,300. Investors are cautiously watching the price movement at these critical levels, considering the recent news about large purchases that may affect market sentiment in the short term.