There’s no doubt the market contains both bull and bear period, so the most critical question is as always:

Which stage are we in right now?

Some would argue we have had the bull in 2024 already; more are still expecting the ‘real bull run’.

Instead of checking for BTC, let’s dive into the data of $ETH (usually leads alt season):

1. We may still in the very early stage of a pre-bull market, since the interest rate remain high in US and other countries