The year 2024 has passed, summarizing the characteristics of the cryptocurrency market in 2024: while Bitcoin continues to break new highs, a number of altcoins have performed poorly, falling alongside it rather than rising, leading many to declare that there is no altcoin season, only a Bitcoin bull market.
From the perspective of the leading indicator for altcoin season, ETH's performance shows that in December, ETH has already surpassed the peak of the mini bull in March. Although it was again brought down by Bitcoin, it also indicates that the progress of the altcoin season has reached a critical point. Based on 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.
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