May is bringing a massive pump for crypto. At least two reasons for this: first, the RMP liquidity injection that started at the end of 2025 is gradually flowing into crypto; second, the 'Clear Act' is very likely to make key progress in May. To put it bluntly, I’m more bullish on ETH. Although ETH is still moving within a bear flag channel, which is the main reason many technical analysts and contract traders are bearish, I want to explain this phenomenon from another perspective. I see ETH undergoing systematic consolidation and shakeouts, which is fundamentally different from the consolidation channel we saw from November 2025 to the end of January 2026. The current trend is more like BTC’s movement from March to September 2024, deliberately guiding the market into consolidation. Looking at the bigger picture, ETH has been forming a large consolidation triangle since the end of 2021. In other words, ETH has been in a washout phase since late 2021. The drop on February 6, 2026, perfectly touched the lower edge of the triangle, completing its structure. For a consolidation triangle, the longer it consolidates, the more effective it becomes. This triangle has been in play for 4.5 years. As for the bears’ claim of one last major drop, I don’t think it will break below this triangle. As for the crypto market in May, if we want altcoins to go wild, we’re still missing a 'narrative'—something as strong as DeFi Summer, inscriptions, or NFTs. So far, nothing like that has emerged. But once it does, don’t hesitate—go all in.