As of 12:00 PM Nov 17th, 2023, Ethereum prices have experienced a slight downturn. The current market conditions suggest bearish pressure on both the one-hour and four-hour charts. While daily sentiment remains bearish, weekly trends are also negative. The RSI at 32.25 points to continued downward momentum. Key indicators reveal: 3000.00 as vital support, followed by a resistance zone around 3100.00 with the EMA Stack (EMA20 = 3,158.62, EMA50 = 3,320.94, EMA200 = 3,660.45) marking potential breakout zones. 2900.00 may serve as a potential pullback zone if the price weakens below the crucial support level. Macro sentiment reflects this bearish trend across other major cryptocurrencies like Bitcoin and Ethereum. Traders should keep an eye on current trends as short-term setup favors bearish positions with potential gains near or below 3,092.25 or above 3,150.00. Share your thoughts in the comments section – we value your insights.