Frax Ether (FRXETH) is currently priced at $2,875.59, reflecting a slight decrease of 1.70% over the past 24 hours. The daily price range has seen a high of $2,943.21 and a low of $2,833.03, indicating a volatility level of 110.18%.

Trading volume stands at 265,519, with a volume-to-market cap ratio of 0.09%, suggesting limited trading activity relative to the overall market capitalization. The hourly moving averages indicate mixed signals, with the 55 SMA showing a gain of 1.48%, while the 21 SMA has declined by 0.25%, indicating potential short-term bearish sentiment.

The 1-hour RSI is at 44, suggesting that the asset is nearing oversold conditions, but is not yet at a critical level. Over the past week, the 7-day RSI is at 49, indicating a neutral trend, while both the 14-day and 30-day price changes show declines of approximately 15.88% and 28.94% respectively, reflecting a broader bearish trend.

Frax Ether is currently trading significantly below its all-time high of $4,906.89 reached in August 2025. This substantial gap suggests a potential for recovery, but the current trend and RSI readings indicate that upward momentum is not yet confirmed.

Given the current price action, technical indicators, and the overall market sentiment, the recommendation is to Hold. The mixed signals from moving averages and RSI levels indicate that a strategic approach is warranted, allowing for potential upward movement if bullish momentum can establish itself in the coming sessions.