Frax Ether (FRXETH) is currently trading at $3,201.61, having experienced a 2.99959% increase over the past 24 hours. The daily trading range has been notably volatile, with a low of $3,083.45 and a high of $3,210.58, indicating a substantial 127.13% daily range, which suggests strong price fluctuations and trader interest.

The trading volume stands at 219,872, representing a low 0.08% of the market cap, indicating limited liquidity in the current market. Technical indicators show that the hourly moving averages are trending positively, with the 8 SMA at $3,147.86 and the 144 SMA at $3,106.38, all reflecting positive momentum over the short to medium term.

In the short term, the 1-hour RSI is at 85, which signals that FRXETH is potentially overbought and may experience a correction soon. Conversely, the 7-day RSI at 52 suggests that the asset is currently in a neutral state, with no strong momentum either way.

From a longer-term perspective, the price changes over the last 7 days (-0.30%) and 30 days (4.45%) indicate some consolidation after a notable rise over the past two weeks (8.20%). However, with the all-time high at $4,906.89 set in August 2025, there remains significant upside potential if the market conditions improve.

Given the current overbought conditions indicated by the 1-hour RSI and the relatively low trading volume, it may be prudent to adopt a cautious stance. Thus, the recommendation for Frax Ether (FRXETH) is to Hold, as the asset shows potential for future growth but also carries risks of short-term corrections in a volatile market.