2024 is about to pass, and the summary of this year's cryptocurrency market features is: while Bitcoin continues to break new highs, many altcoins are underperforming, going down rather than up, leading many to declare that there is no altcoin season, only a Bitcoin bull market.

From the performance of ETH, the barometer of altcoin season, in December, ETH has already surpassed the high point of the small bull market in March. Although it was again brought down by Bitcoin, it also indicates that the progress of altcoin season has reached a critical juncture. From the current market situation, ETH may exceed its historical high before March 2025, at which point many other quality altcoins may also rise consecutively and surpass their historical highs.