Bounce

Ethereum

Bitcoin

Bank

<h2 id="three-things-to-know">Three Things to Know</h2>
<ul>
 <li>Deutsche Bank launched institutional crypto custody with Ethereum and Bitcoin, while XRP and Solana missed the cut.</li>
 <li>Ether sits deep in oversold territory, yet momentum still favors sellers.</li>
 <li>A nearby floor near $1,850 now decides whether the slide stays orderly.</li>
</ul>
<p>Deutsche Bank has started holding crypto for institutional clients, and Ethereum made the opening roster. Two other large tokens, XRP and Solana, did not.</p>
<p>The endorsement arrives at a rough moment for ETH. Sellers have controlled the market for weeks, and the bank's news drew no visible buying. Traders now want to know whether institutional access can spark a real recovery, or whether the downtrend has more room to run first.</p>
<h2 id="deutsche-bank-picks-bitcoin-and-ethereum-for-its-custody-debut">Deutsche Bank Picks Bitcoin and Ethereum for Its Custody Debut</h2>
<p>Deutsche Bank has opened a crypto custody service for its institutional clients. At launch, the bank supports two assets, Bitcoin and Ethereum. Custody means the bank holds and safeguards the coins on behalf of funds, corporations and other large investors.</p>
<p>XRP and Solana did not make the first list. Both rank among the largest cryptocurrencies by market value, so their absence stands out. The bank has not given public reasons for leaving them out, and it has not said whether they could be added later.</p>
<p>For Ethereum, the inclusion carries weight. A major global bank now holds ETH for professional clients. That lowers one barrier for institutions that need a regulated custodian before they can buy.</p>
<p>The timing is awkward. The news landed during a broad crypto sell-off, with ETH trading near $1,924 to $1,937 on Nov 12. Buyers showed little sign of reacting to the bank's endorsement that day.</p>
<h2 id="ethereum-trades-far-below-the-averages-bulls-need-back">Ethereum Trades Far Below the Averages Bulls Need Back</h2>
<p>Ethereum (ETH) daily price with the nearest support (green) and resistance (red). Source: TradingView</p>
<p>Ethereum changed hands near $1,940 at last check. That leaves it well under both of the moving averages traders watch most. A moving average smooths out daily swings by tracking the mean price over a set number of days.</p>
<p>The 50-day average sits near $2,320. The 200-day average is close by at about $2,300. The two lines have bunched together around the level in the headline. With price below both, that zone now acts as a ceiling.</p>
<p>Losses also deepen over longer timeframes. ETH slipped about 4% over the past day. The weekly drop is roughly 14%, and the monthly decline reaches about 22%. That pattern points to a steady downtrend that has run for weeks.</p>
<p>To get back to the averages, ETH would need to climb nearly 20% from current levels. That is a long way for a market where sellers keep setting the pace.</p>
<p>The custody news has done little to change that picture so far. Institutions may value the new access, but the chart shows no sign they have stepped in at these prices.</p>
<h3 id="sellers-still-lead-even-as-eth-looks-stretched">Sellers Still Lead Even as ETH Looks Stretched</h3>
<p>The daily RSI, a 0 to 100 gauge of momentum, has dropped to about 25. Readings under 30 count as oversold. That means the selling has run fast and far in a short time, and the market looks stretched.</p>
<p>Stretched markets often bounce. Short sellers lock in profits, and bargain hunters test the water. A move like that can lift ETH for a few sessions without changing the bigger trend.</p>
<p>Other signals argue for caution. The MACD, which compares short and longer-term price momentum, remains below its signal line. In plain terms, momentum is still pointing down. Trend strength readings also show a real trend, and sellers are the ones driving it.</p>
<p>Oversold conditions can last for weeks in a strong downtrend. A low RSI tells traders the drop is extreme. It does not tell them the drop is over.</p>
<h3 id="1-850-becomes-the-floor-buyers-must-defend">$1,850 Becomes the Floor Buyers Must Defend</h3>
<p>The nearest support on the daily chart sits near $1,850, only a short drop below the current price. Buyers need to hold it to keep the slide orderly.</p>
<p>Below that, the data shows no defined support. If the floor gives way, sellers would face little in their path, and the decline could speed up.</p>
<p>Upside levels look more crowded. The first resistance comes in near $2,280, just under the bunched moving averages. Any rally would likely meet sellers there first, since many traders who bought higher may want to exit at break-even.</p>
<p>A clean move through that level would change the tone. It would also carry ETH into the zone where the averages sit, making the headline target a realistic next stop. Above that, the next resistance waits near $2,400.</p>
<h2 id="what-would-turn-the-bounce-into-a-recovery">What Would Turn the Bounce Into a Recovery</h2>
<p>Two paths stand out from here, and the custody news alone decides neither.</p>
<ul>
 <li>Bullish: The oversold bounce holds the nearby floor, and a daily close above first resistance opens the way to the next ceiling beyond the averages. A close back under that support would cancel this setup.</li>
 <li>Bearish: A daily close below support extends the slide, with no marked floor beneath to slow it. A reclaim of first resistance would invalidate this view and hand the initiative back to buyers.</li>
</ul>
<h2 id="institutional-approval-meets-a-market-still-selling">Institutional Approval Meets a Market Still Selling</h2>
<p>Deutsche Bank's choice gives Ethereum a lasting place with institutional investors. Price is a separate question, and sellers still own the trend.</p>
<p>The headline target needs buyers to show up first. Until they do, the nearby floor carries the real weight.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>

Can ETH Reach $2,300? Deutsche Bank's Custody Bet Has to Win Back Buyers First

Table of Contents

Crypto Daily™

Other articles published on Nov 13, 2026

Join our free newsletter for daily crypto updates!