Frax Ether (FRXETH) is currently priced at $2,961.65, reflecting a slight increase of 0.78% over the past 24 hours. The asset has shown a daily trading range of $45.05, indicating moderate volatility, with a 24-hour high of $2,983.87 and a low of $2,938.82.

The volume traded over the last 24 hours stands at 445,514, translating to a volume-to-market cap ratio of 0.16%, which suggests relatively low trading activity compared to its market capitalization. The short-term moving averages indicate a bullish trend, with the 8 SMA and 13 SMA both showing positive changes, while the 21 SMA is slightly bearish; however, the 55 SMA shows strength with a 0.29% increase.

The 1-hour RSI is at 46, suggesting a neutral position, while the 7-day RSI is at 53, indicating slight bullish momentum. Over the last week, the price has increased by approximately 1.81%, and a 14-day change of 2.55% further supports the gradual uptrend.

Frax Ether has a substantial distance to cover before reaching its all-time high of $4,906.89, achieved on August 24, 2025, suggesting potential for long-term growth. The 30-day price change of 6.62% also indicates a favorable trend, bolstering the case for positive future performance.

Given the current technical indicators and moderate bullish momentum in the short term, along with a supportive long-term outlook, a Buy rating is warranted for Frax Ether. The combination of stable moving averages and positive price changes suggests that investors could benefit from positioning in this asset at the current levels.