Frax Ether (FRXETH) is currently trading at $3,079.43, reflecting a 24-hour price increase of 3.52%. The price has fluctuated between $2,968.51 and $3,081.22 in the last 24 hours, showing a daily range of 112.71%.

Trading volume stands at 941,469, representing 0.32% of the market cap, indicating moderate activity. The hourly moving averages suggest a bullish trend, with the 55 SMA at $2,978.50 and the 144 SMA at $2,954.64 both showing positive percentage changes, reinforcing upward momentum.

The 1-hour Relative Strength Index (RSI) is at 77, indicating that FRXETH may be overbought in the short term. In contrast, the 7-day RSI of 59 suggests that the asset is still within a healthy range, allowing for potential continued gains in the medium term.

Over the past week, FRXETH has appreciated by 5.81%, and its performance over the last 14 days shows a 4.88% increase. The 30-day price change, however, is minimal at just 0.46%, suggesting that the recent momentum is a more recent development.

Despite the current price being significantly lower than the all-time high of $4,906.89 reached in August 2025, the upward trend in shorter time frames indicates renewed investor interest. This recent surge, coupled with solid technical indicators, presents a favorable outlook for FRXETH.

Given the current bullish sentiment, the strong technical indicators, and the potential for further price appreciation in the near term, a Buy rating is warranted for Frax Ether. The current price action and momentum signal that the asset could continue to rise, making it an attractive opportunity for traders looking to capitalize on short to medium-term gains.