Frax Ether (FRXETH) is currently trading at $3,166.78, reflecting a significant 24-hour decline of 4.10%. The price has fluctuated within a daily range of $262.83, with a high of $3,407.47 and a low of $3,144.64, indicating high volatility in recent trading sessions.

The trading volume stands at 1,599,747, representing 0.51% of the market cap, suggesting a moderate level of market activity. Short-term moving averages are predominantly bearish, with the 8 SMA at $3,220.77 and the 13 SMA at $3,264.97, both showing negative percentages, while the longer 144 SMA is slightly positive at $3,106.57, reflecting a possible support level.

The 1-hour RSI is at a critical level of 23, indicating potential oversold conditions, while the 7-day RSI is at 52, suggesting neutral momentum. The price change over the past 30 days has been notably negative at -9.33%, contrasting with a positive trend over the last 14 days at 5.93%, indicating mixed signals in the short to medium term.

Despite the current downtrend, the all-time high for FRXETH at $4,906.89, reached in August 2025, underscores the cryptocurrency's long-term potential. The recent price movements and indicators suggest a short-term corrective phase, but the 7-day and 14-day metrics indicate possible recovery momentum.

Based on the analysis, the recommendation is to Hold FRXETH. The short-term bearish indicators warrant caution, but the oversold condition on the 1-hour RSI and potential support at the 144 SMA may provide opportunities for a rebound in the near future.