ETHUSD – Discount Reaction or Bearish Continuation?Ethereum / USD CoinBINANCE:ETHUSDCSergiu_SmartMoneyOverall context: Market structure is clearly bearish (multiple BOS down) Price below EMA200 → institutional bearish bias Current reaction from discount / liquidity zone 🔍 What’s clear on chart: 1. Structure: Strong bearish impulse → BOS confirmed Then a minor bullish CHoCH → reaction, not reversal 2. Liquidity: Sell-side liquidity (HL 1745) taken ✔ Price now in a reaction zone 3. Current range: Between: PDL (1968) – support PDH (2076) – resistance Your entry (~2106) = under resistance → risky positioning ⚖️ Scenarios 🟢 Bullish (weaker scenario): If price: holds above PDL breaks 2150 with BOS ➡️ targets: TP1: 2473 TP2: 2839 (EMA200) → This is just a pullback in bearish trend 🔴 Bearish (primary scenario): If price: rejects from current zone breaks below 1968 ➡️ continuation: Toward new lows