According to online reports, the market shows that as of May 29, the SOL/ETH trading pair has fallen below its rising wedge pattern that has lasted for several months. This bearish structure usually indicates a sharp decline. From a technical perspective, a breakthrough in an upward wedge usually results in a decline equal to the maximum height of the pattern. In addition, Meme coin activity on the Solana chain has cooled significantly. For example, the average daily revenue of Meme coin launch platform Pump.fun has dropped sharply since early April, close to annual lows. Standard Chartered Bank previously warned in a report that if Solana fails to expand its application ecosystem other than Meme coins, it may perform poorly in the context of intensified competition in Ethereum Layer 2, while analyst Alex Clay predicts that the so-called "Ethereum Strong Period" has arrived, further supporting SOL/ETH's decline expectations.