Trader Tardigrade, via @TATrader_Alan, highlights that Ethereum ($ETH) is maintaining strong support at Step III on the monthly timeframe, gathering steam for a push to fresh peaks as the crypto bull run intensifies in 2026, drawing parallels to last year's surge post-regulatory nods.

On the 4-hour chart, ETH trades at $2308.07 in a bearish structure, with price dipping below the EMA50 at $2328.62 acting as immediate resistance, while the EMA200 at $2225.53 provides deeper support. MACD shows a death cross with a reading of 5.84, signaling sustained downside pressure, yet neutral RSI at 42.2 suggests no extreme exhaustion. Volatility remains contained inside Bollinger Bands, where upper resistance at $2412.26 caps rallies and lower support at $2264.82 could trigger bounces—watch for confluence if price tests that lower band while RSI dips toward oversold, potentially setting up a reversal aligning with monthly bullishness, much like Bitcoin (BTC) setups we've traded through recent volatility.