Frax Ether (FRXETH) is currently priced at $3,010.59, showing a 24-hour increase of 2.21%. The daily range indicates significant volatility, with a high of $3,043.63 and a low of $2,868.10, reflecting a range of 175.53%.

The trading volume stands at 1,145,498, contributing to a volume-to-market cap ratio of 0.46%. Technical indicators reveal that the hourly moving averages show a positive trend for the short-term, with the 8 SMA at $2,939.11 and a gain of 2.43%, while longer-term moving averages, such as the 144 SMA, are showing a decline of 5.99% at $3,202.36.

The Relative Strength Index (RSI) on a 1-hour timeframe is at 55, suggesting the asset is neither overbought nor oversold in the short term. However, the 7-day RSI at 40 indicates a bearish sentiment over a longer timeframe, as the price has declined by 10.42% over the past week.

Despite the recent uptick in price, the longer-term trends, as evidenced by the 14-day change of -4.27% and a slight increase of 1.54% over the last month, suggest underlying weakness. The all-time high of $4,906.89 from August 2025 remains a significant psychological level that FRXETH must surpass to regain bullish momentum.

Considering the current technical indicators, short-term positive movement, and longer-term bearish trends, the rating for Frax Ether is a Hold. The short-term positive momentum could provide trading opportunities, but the prevailing longer-term bearish sentiment indicates caution before taking a bullish position.