Well this is not a "bullrun", this might be seen as a "bulltrap" or just a steady increase, just a normal and healthy increase like it happens to every market, do not confuse those things
It's impossible to point out at this stage. If the price keeps increasing it can be seen as a bull run, maybe not one like last year, but a bull run doesn't necessarily mean it has to pump the price to insanely high levels.
I don't think this is a bull trap. It's pretty clear that people are focusing on the ETF and even sell their altcoins as a result, which explains why they have been performing poorly.
Whatever it turns out to be, make sure that you don't stay in too long hoping for something with a low overall probability of happening. Technically the longer term downtrend is still thriving. $8200 is only a bump.