ETH recovery hinges on a decisive move past $3,050, with $2,865 as key support

ETH rebounded from $2,865 and is consolidating below $3,050, trading under $3,040 and the 100-hour SMA. A sustained break above $3,050 and $3,110 (50% Fib of $3,365–$2,865) could open $3,175–$3,220, then $3,280–$3,300. Failure to clear $3,050 risks a move back toward $2,910, $2,880, $2,865, and potentially $2,820–$2,750.