Ethereum faces selling pressure from whales despite growing institutional demand.

Ethereum is experiencing a conflict between heavy selling by large holders (whales) and increasing adoption by institutions. Whale wallets holding 1,000 to 10,000 ETH peaked in October 2025 but have since sold off about 21.5% of their holdings, potentially creating excess supply. Meanwhile, institutional interest is rising, with major firms like BlackRock and JPMorgan building tokenization infrastructure on Ethereum, which hosts over $17 billion in tokenized real-world assets. The key question remains whether institutional demand can absorb whale selling to push Ethereum's price toward $3,000.