Frax Ether (FRXETH) is currently priced at $2,927.19, reflecting a 24-hour change of 1.7352%. The daily trading range has been quite active, with a high of $2,941.38 and a low of $2,833.03, indicating volatility of 108.35% within the day.

The trading volume stands at 336,721, equating to a volume-to-market cap ratio of 0.12%, suggesting relatively low trading activity compared to its market capitalization. The hourly moving averages show positive momentum with the 55 SMA at $2,846.07 reflecting a 2.85% increase, while the 144 SMA indicates a stronger upward trend with a 4.22% rise at $2,808.71.

Short-term momentum appears bullish, with the 1-hour RSI at 64, indicating the asset is nearing overbought conditions. However, the 7-day RSI is at 49, suggesting a neutral trend, while longer-term indicators show price declines of -4.47% over 7 days, -13.75% over 14 days, and -29.61% over the past 30 days.

Frax Ether's all-time high remains significantly higher at $4,906.89, reached on August 24, 2025, indicating potential long-term growth despite recent declines. The current price is still roughly 40.1% lower than this historical peak, which could suggest a buying opportunity for investors anticipating a market correction.

Given the short-term bullish momentum and the potential for recovery towards its all-time high, a Buy rating is warranted. This recommendation is supported by the positive movement in the short-term moving averages and the current price position within a volatile trading range.