It's more than just Ethereum right now, the London fork did some trick on adoption but BTC price is bullish too making other altcoins to follow too so yeah I can say bulls are back but be careful cos this might be a huge bull trap and will unlock the door to the real bear market
The bear market has occurred after April this year and now is the time for the market to correct all that although there is still a possibility for a correction to occur again, but from the conditions that everyone has seen now, the market conditions are getting better.