According to Crypto Rover, recent data suggests that retail investors have not yet shown significant interest in Ethereum as of late May 2025. The analysis highlights that on-chain activity and search trends for Ethereum remain below previous bull market peaks, indicating a lack of new retail-driven buying momentum (source: Crypto Rover, Twitter, May 30, 2025). This subdued retail participation could mean that current price movements are primarily driven by institutional players or existing holders. Traders should monitor retail inflows and sentiment indicators, as a surge in retail engagement historically precedes major price rallies and increased volatility in the broader crypto market.