Ethereum (ETH) has recently shown remarkable performance, with prices approaching the highs set in March. On-chain data indicates that unrealized profits in the market remain at a low level, suggesting that the majority of traders are still holding and maintaining an optimistic outlook on price rises. This phenomenon implies that Ethereum's upward trend may not be over yet, with the potential to challenge higher price levels in the future.

It is worth noting that a large investor recently invested $40 million to purchase ETH as part of an investment in SharpLink Gaming. This company is competing with significant players in the Ethereum ecosystem, BitMine Immersion Technologies. Such a large-scale investment undoubtedly reflects a strong confidence in the Ethereum ecosystem and its future development.

However, despite the continuous influx of large capital, discussions about Ethereum within the entire cryptocurrency community remain unusually calm. The buzz on social media and the attention from ordinary investors have not yet reached a peak. This phenomenon suggests that the real retail investment frenzy may not have arrived yet.

Currently, most retail investors seem to have not yet entered the market on a large scale. This suggests that a stronger buying wave may emerge in the future, potentially driving the price of Ethereum to new highs. As more investors become aware of this potential opportunity, we may see market sentiment heat up rapidly, triggering a new round of price pump.

Overall, the current market situation of Ethereum shows a positive outlook. Low unrealized profits, continuous inflow of large funds, coupled with the retail investment craze not yet fully unleashed, these factors together constitute the potential pump for Ethereum. However, investors still need to be cautious, closely monitor market trends, and make informed investment decisions.