The bull market is here, but Ethereum's performance raises a question mark. The data is in front of us: throughout the year, positive monthly returns only occurred 3 times, while negative returns stubbornly dragged on for 9 months. This achievement wouldn't be surprising in the 2018 bear market, but now, with market sentiment clearly high, the contrast becomes even more absurd. No wonder many Ethereum holders don't feel any bullish atmosphere—accounts aren't turning red every day, and even the best market stories seem hollow and unreal. Between the cold reality of price fluctuations and the enthusiastic expectations created by public opinion, there's always a layer of discomfort that separates them.