Frax Ether (FRXETH) is currently priced at $2,935.10, reflecting a 24-hour decline of 2.29%. The daily trading range has been notably volatile, with a high of $3,008.16 and a low of $2,896.57, indicating a daily range percentage of 111.59%, which is significant for short-term traders.

The trading volume stands at 3,248,884, equating to a volume-to-market cap ratio of 1.16%. This relatively low volume indicates subdued trading activity, which could suggest a lack of strong conviction among investors at this price level, despite a positive trend in the shorter moving averages like the 8 SMA and 13 SMA, both showing minor increases.

The current hourly RSI is at 57, indicating a neutral momentum in the short term, while the 7-day RSI sits at 51, suggesting a balance between buying and selling pressure. The recent 7-day price change is marginally negative at -0.19%, although the 14-day change shows a positive trend of 1.16%, indicating potential for recovery.

The 30-day price change is also negative at -0.34%, suggesting that FRXETH has struggled to maintain upward momentum in the longer term. Given that the all-time high remains significantly above the current price at $4,906.89, there is substantial room for growth, but the path may be fraught with volatility.

Considering the technical indicators and recent performance, FRXETH presents a mixed outlook. The immediate price action shows signs of weakness, but the longer-term indicators suggest possible recovery if it can sustain above critical moving averages.

Given the current market conditions, the recommendation for Frax Ether (FRXETH) is to Hold. Investors should monitor for a breakout above $3,008.16 to signal a potential upward trend, while a drop below $2,896.57 could indicate further weakness and necessitate reevaluation.