Prep the Oven and Pan: Start by heating the oven to 375°F. Line a baking sheet with parchment paper to keep the dough from sticking. This also makes cleanup easier later. Set the pan aside while you prepare the filling so everything stays organized.
Cook the Egg Mixture: Crack the eggs into a bowl, add salt and pepper, then whisk until smooth. Heat a skillet over medium heat and lightly grease it. Pour in the eggs and stir gently until they look softly set. Pull them off the heat while they still look tender since they finish cooking in the oven.
Add Vegetables and Bacon: Stir the chopped red bell pepper, green bell pepper, and cooked bacon into the warm eggs. Mix gently so the eggs stay fluffy. The peppers add color and a slight crunch that balances the rich dough and cheese nicely.
Shape the Crescent Ring: Unroll the crescent dough and separate it into triangles. Arrange the triangles on the lined baking sheet in a circle with the wide ends overlapping in the center and the points facing outward. Press the seams slightly so the ring holds together.
Fill the Ring: Spoon the egg mixture evenly around the center of the ring. Sprinkle shredded cheddar cheese over the eggs so each slice gets plenty of melted goodness. Try to keep the filling close to the center to make folding easier.
Fold and Seal: Bring each dough point up over the filling and tuck it under the center of the ring. This creates that braided look while keeping the filling secure. Brush the top lightly with the beaten egg wash to help it bake up golden and glossy.
Bake Until Golden: Place the tray in the oven and bake for about 20 to 25 minutes. The dough should look deep golden with crisp edges. Let the ring rest for a few minutes before slicing so everything stays together nicely.