Ethereum Slides Below $2,000 as Deutsche Bank Adds Institutional Custody

Deutsche Bank has added Ethereum and Bitcoin to its institutional custody holdings, giving institutional clients a route to hold the two major crypto assets. Crypto Daily reported the development as Ethereum came under selling pressure, with the market’s attention turning to whether institutional custody demand can offset weaker sentiment toward Ether. Ether traded below $2,000 at the time of the report. Crypto Daily said stakers had locked a record share of ETH supply, while spot Ethereum ETF products experienced outflows. The outlet characterized ETH as oversold and said sellers remained in control, identifying $1,850 as the nearby support level and $2,300 as resistance. The wider risk backdrop was negative. The total crypto market capitalization stood at $2.38 trillion as the broader market moved broadly lower. The Fear and Greed Index registered 20, placing conditions in “Extreme Fear,” while Bitcoin was also declining, showing that Ether’s weakness formed part of a market-wide pullback rather than an isolated move. Bitcoin traded at $68,647, down 4.16% over 24 hours and 8.82% over seven days. Ethereum’s market capitalization was $235.6 billion, with ETH down 4.05% over 24 hours and 13.20% over seven days. The immediate levels to monitor are $1,850 in support and $2,300 in resistance, according to Crypto Daily, as traders assess whether custody adoption can gain traction amid ETF outflows and broad market weakness.