Frax Ether (FRXETH) is currently priced at $2,830.09, reflecting a 1.495% increase over the past 24 hours. The daily trading range has been significant, with a high of $2,843.88 and a low of $2,739.27, indicating volatility in market sentiment.

The trading volume stands at 520,504, representing 0.18% of the market cap, which suggests relatively low liquidity. The hourly moving averages show a positive trend, particularly the 55 SMA at $2,744.67, which has increased by 3.11%, indicating potential bullish momentum in the short term.

In terms of relative strength, the 1-hour RSI is at 60, suggesting that FRXETH is approaching overbought territory, while the 7-day RSI at 48 indicates a neutral position. However, the 7-day, 14-day, and 30-day price changes of -9.62%, -20.84%, and -27.18%, respectively, highlight a bearish trend over the medium to long term.

The all-time high for FRXETH remains at $4,906.89, recorded on August 24, 2025, indicating significant room for growth. Yet, the current price is still over 42% below that peak, suggesting that the asset may be undervalued but also carries substantial downside risks if broader market conditions worsen.

Considering the current technical indicators, FRXETH shows signs of short-term bullishness but faces significant resistance based on its historical price performance and longer-term trends. Given the mixed signals from RSI and substantial recent declines, I rate FRXETH as a Hold, awaiting further confirmation of upward momentum before considering a Buy.