Ethereum Bulls Must Conquer $3,050 Or Momentum Quickly Fades

Ethereum price started a minor recovery wave from the $2,865 zone. ETH is now consolidating losses and might aim for a recovery if it clears $3,050.Ethereum started a consolidation phase below $3,050.
The price is trading below $3,040 and the 100-hourly Simple Moving Average.
There was a break above a contracting triangle with resistance at $2,950 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it stays above the $2,900 zone.Ethereum Price Aims Rec