The price of Ethereum (ETH) today broke past $200 per coin—the highest the coin’s price has been since September 2019.

Ethereum’s price had dropped as low as $122 per coin as recently as mid-December, during the doldrums of the crypto market. (At the time, Bitcoin similarly dropped to around $6,600 per coin—losing $7 billion in total market cap within a matter of hours.)

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But it isn’t just Ethereum currently experiencing a big boost in its price. The entire crypto market today surged by around $10 billion, with Bitcoin fork Bitcoin Cash (BCH) leading the way with nearly 14 percent gains.

Other altcoins are also surging: Tezos is up 10 percent, Litecoin’s price has increased by 8 percent, and Dash is now trading at $123 per coin—an 11 percent gain in the last 24 hours.

It begs the question: Is altcoin season here?

“Heck yeah,” said market analyst and Quantum Economics founder Mati Greenspan in a newsletter to his subscribers. “It’s been altseason [since] mid-January.”

“One of the defining attributes of altseason are the random pumps on various coins, whether deserved or not,” he said. On the other hand, Bitcoin, said Greenspan, is currently underperforming.

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All that is to say that we could be in for a massive bull run if Greenspan’s reading of the crypto tea leaves is accurate. Fingers crossed, hodlers!

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