Frax Ether (FRXETH) is currently priced at $2,897.01, reflecting a 3.39% increase over the past 24 hours. The daily trading range has been significant, oscillating between a high of $2,956.26 and a low of $2,762.52, indicating notable volatility.

Volume for the past 24 hours stands at 1,112,333, contributing to a relatively low volume-to-market cap ratio of 0.39%. The short-term moving averages indicate a mixed trend, with the 8 SMA, 13 SMA, and 21 SMA showing positive growth, while the 55 SMA declines and the 144 SMA indicates a downward trend.

The one-hour RSI is positioned at 57, suggesting a neutral stance, while the 7-day RSI at 46 points towards a slight bearish sentiment. Over the past week, the price has decreased by approximately 9.83%, and both the 14-day and 30-day price changes indicate ongoing downward pressure.

Frax Ether's all-time high of $4,906.89, reached in August 2025, sets a significant benchmark for future price recovery. The current price remains approximately 41% below this peak, indicating potential for upward movement if market conditions improve.

Given the current technical indicators, including a positive short-term outlook alongside bearish longer-term trends, the recommendation is to Hold. This stance allows for monitoring potential recovery signs while avoiding the risk of entering a downtrend.