Technical analysis by ProR35 about Symbol ETH on 9/3/2025

ProR35

As we approach nearly a month in the range from $4000-4800 it looks like ETH is making a move once again. Previously once hitting $4800 price gradually sold off back towards range low creating a bearish trendline, once the price broken above that level a rapid move up to range high within two candles. Now looking at the chart we have a similar setup, strong breakout from the bearish trendline up into midpoint. Bitcoin currently retesting a key level of $112,000, should BTC flip this level I could see alts getting the greenlight to move up and Ethereum up to the highs. Should BTC reject from $112,000 it makes sense that ETH range midpoint would be strong resistance, rejection could lead to a range low retest. Anything else that isn't either range high, range low or midpoint is noise and for me no action required, no need to over complicate it.Rejection at the midpoint, now looking at how ETH reacts on a retest of the breakout.Successful retest of the breakout bouncing off the trendline, can ETH flip the midpoint this time?