Final answer:
The most likely etiology for the decelerations in this case is umbilical cord compression.
Step-by-step explanation:
The most likely etiology for the decelerations in this case is umbilical cord compression. Umbilical cord compression occurs when there is pressure on the umbilical cord, reducing blood flow and oxygen supply to the fetus. This can happen when the cord becomes trapped or compressed between the fetal head and the mother's pelvis during labor.
Other possible causes of decelerations include uteroplacental insufficiency, head compression, rapid change in descent, and oligohydramnios. However, given the onset of the decelerations after each contraction and the fact that the fetal head is at +3 station, umbilical cord compression is the most likely explanation.