Analyst Predicts Solana Price Decline Amid Ethereum Strength

The SOL/ETH pair is hitting new local lows, with quotes breaking through the lower boundary of the “Rising Wedge” that had been forming for weeks. This could lead to further price declines, noted Cointelegraph analyst Yashu Gola.

Compared to April peaks, SOL/ETH quotes have fallen by ~27%. The next target is 0.038, nearly 40% below current levels, the expert highlighted. Temporary support is provided by the 50-week EMA at 0.0628. 

Solana’s position is weakening amid cooling interest in meme coins. The Pump.fun platform recorded record commission fees in the first quarter of 2025, but revenues have sharply declined since April.

In a report by Standard Chartered, experts warned that Solana risks falling behind Ethereum if it does not find new growth avenues. Analysts believe that Ethereum, with its second-layer scaling solutions and more developed infrastructure, is gaining ground as market participants lose interest in speculation. 

Investor Alex Clay added that the “Ethereum dominance season” has already begun, and the technical outlook confirms further weakening of SOL.

#ETH outperformance season is here?

SOL/ETH pair booked a break downside off the Rising Wedge formation?

SOL is considered as main competitor for $ETH#Ethereum pic.twitter.com/kNuEdOla15

— Alex Clay (@cryptclay) May 28, 2025

On May 27, CoinDesk’s co-managing editor Omkar Godbole noted that significant capital has shifted to Ethereum.