Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price has dropped 4% in the past 24 hours, slipping to around $2,744, as selling pressure increases, and Veteran trader Peter Brandt has warned that Ethereum’s decline may not be finished yet. Brandt points to a breakdown from a symmetrical [...]
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Ethereum is trading at a critical juncture as buyers continue to defend the $2,600 support zone, attempting to stabilize the price after recent volatility. While this level is keeping short-term downside in check, broader market pressure and weakening structure leave bears watching closely for a potential breakdown that could open the door to a deeper macro pullback. $2,600 Holds As Key Support On Ethereum 6H Chart On X, Can Özsüer highlighted that Ethereum is currently holding above the $2,600 support zone on the 6-hour chart, a level that has so far provided a solid base for price action. As long as ETH continues to defend this area and avoids a clear candle close below it, the broader structure remains constructive for a potential upside attempt. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation With support intact, the analyst pointed to a recovery toward $3,050, followed by a possible move into the $3,150 region. These zones are seen as logical reaction levels where price may either consolidate or face temporary resistance if buying momentum gradually strengthens. However, for Ethereum to unlock a more meaningful bullish continuation, Özsüer stated it must reclaim $3,350, referred to as box number two on the chart. A decisive close above this level, backed by strong volume, would open the door for higher price exploration. If ETH fails to break through that resistance, it could cap price and trigger another wave of selling. In that case, a deeper pullback toward the $2,400–$2,100 support range becomes a real possibility. Özsüer also shared that he has already taken a long position based on the $2,600 support on the 1-hour chart and is monitoring price closely, with plans to add to the position depending on how momentum develops. Loss Of $2,710 Targets The $2,620 Swing Low According to crypto analyst Ardi, Ethereum is currently sitting in a make-or-break area, with $2,710 standing out as a crucial short-term support level. A clean loss of this zone would likely accelerate downside pressure, placing the $2,620 swing low firmly in focus as the next area where liquidity could be tested. Related Reading: Ethereum Chart Turns Bullish: New Cycle Energy Points To $5,000 Ardi emphasized that the $2,450 region serves as the primary line of defense for the broader market structure. Holding this level would be essential to prevent a deeper structural breakdown, as a sustained move below it could push Ethereum into a far more vulnerable technical position. Compounding the downside risk, ETH/BTC remains in a strong downtrend, highlighting Ethereum’s ongoing underperformance relative to Bitcoin. This relative weakness suggests that volatility could stay elevated in the coming sessions, making the environment increasingly unstable for ETH holders. Featured image from Pexels, chart from Tradingview.com
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BHUBANESWAR: World Bank Group President Ajay Banga met Odisha Chief Minister Mohan Charan Majhi at Lok Seva Bhawan in Bhubaneswar to discuss the state’s long-term development priorities, economic reforms and employment generation. The meeting was attended by senior state government officials, including Odisha Chief Secretary Smt. Anu Garg, Development Commissioner Sri D.K. Singh, and representatives of the World Bank. Discussions focused on accelerating inclusive and sustainable development, strengthening infrastructure, improving social sector outcomes, and promoting resilient, technology-driven growth. Both sides also emphasised the importance of skilling youth for private-sector employment. Also Read: India has diplomatic leverage to drive Israel-Gaza peace, says Palestine Minister; Hails humanitarian aid of New Delhi The Chief Minister highlighted the state government’s flagship initiatives and reform measures aimed at boosting investment in infrastructure, micro, small and medium enterprises (MSMEs), agriculture, allied sectors and tourism to generate employment, particularly for youth and women. He said Odisha’s business-friendly reforms have helped attract investments worth Rs 2.5 lakh crore, ranking second in the country after Andhra Pradesh, according to December 2025 data published by the Centre for Monitoring Indian Economy (CMIE). Ajay Banga appreciated Odisha’s reform-oriented approach and focus on skill development. He noted that the upcoming World Bank Group–India strategic plan would build on successful models such as the Central Tool Room and Training Centre (CTTC), Bhubaneswar, as part of India’s $4 billion national initiative to upgrade Industrial Training Institutes (ITIs). The World Bank President reaffirmed the institution’s commitment to supporting Odisha through technical assistance, policy advisory services and financial cooperation. He stressed the importance of strengthening institutional capacity and expanding public-private partnerships to sustain long-term growth. Both sides also exchanged views on global and regional economic challenges, including infrastructure development, urbanisation and sustainable resource management. They agreed to explore new areas of cooperation aligned with Odisha’s development priorities. The Chief Minister shared the state’s roadmap, “Odisha Vision 2036 & 2047: Viksit Odisha for Viksit Bharat,” and both sides expressed a shared commitment to deepen collaboration under the framework. Odisha’s NSDP Rises to Rs 7.90 Lakh Crore, Growth Accelerates to 13.04 per cent: CM Chief Minister Mohan Charan Majhi stated on social media that Odisha has achieved significant economic growth, with its Net State Domestic Product (NSDP) increasing from Rs 6.99 lakh crore in 2023–24 to an estimated Rs 7.90 lakh crore in 2024–25, reflecting a growth rate of 13.04 per cent. Citing the Economic Survey of India 2025–26, tabled in Parliament by Union Finance Minister Nirmala Sitharaman, the Chief Minister noted that the state’s per capita NSDP has reached Rs 1,68,966, indicating rising incomes and improved living standards. “The Economic Survey of India reaffirms the steady progress Odisha is making towards inclusive and sustainable growth,” Majhi stated. In a post on X, the Chief Minister highlighted the sectoral performance of the economy, emphasising that agriculture remains central to Odisha’s development strategy, with the state now ranking among the top three sunflower-producing states in the nation. He also pointed out advancements in financial inclusion, noting that bank deposits have increased to Rs 5.83 lakh crore, bolstering savings and investment across the state. The Economic Survey of India (2025–26) affirms the steady progress Odisha is making on the path of inclusive and sustainable growth. The State’s economy continues to strengthen. Odisha’s Net State Domestic Product (NSDP) has increased from ₹6.99 lakh crore in 2023–24 to an... pic.twitter.com/tLPbRZn7ng — Mohan Charan Majhi (@MohanMOdisha) January 29, 2026 Majhi further asserted that Odisha’s fiscal position remains robust, allowing for ongoing investments in infrastructure, education, and social welfare. He emphasised that improvements in education and poverty reduction reflect the government’s commitment to inclusive development. The Chief Minister reiterated that the government is dedicated to converting economic growth into higher incomes, quality employment, and expanded opportunities for all citizens.
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