Altcoin Season Warming Up?

According to BlockBeats via CoinMarketCap, the Altcoin Season Index has bounced back to 41, driven by a strong rally in Ethereum $ETH and ecosystem tokens this week.

This level is closing in on the 90-day high of 93 seen in February. For context, the index hit a yearly peak of 87 on Dec 4, 2023, before sliding to a low of 12 on April 26, 2024, where it found some stability.

Is the alt season awakening? Keep watching the charts.