In historical crypto market bull markets, Ethereum usually experiences two rounds of increases, with the second round's rise typically significantly exceeding the first round. By observing Ethereum's market capitalization, actual circulation value ratio, and price trends, the current upward cycle may be the beginning of a second bull market.

Currently, the ETH daily chart still shows a healthy trend, moving upward along the 5-day moving average, without any signs of a top divergence;

The monthly chart has also broken through the long-term resistance trend line, with MACD and SKDJ all golden cross; the overall trend has expectations for consecutive bullish days. We are optimistic that the altcoin season is coming, and based on the halving cycle timing, the major bull market's altcoin season is likely to start this month, with some mainstream altcoins already starting independent trends! #山寨季來了？