Frax Ether (FRXETH) is currently trading at $2,957.23, reflecting a slight decline of 1.71% over the past 24 hours. The daily price range has been notable, with a high of $3,015.47 and a low of $2,905.24, indicating significant volatility during this period.

Volume stands at 849,160, translating to a volume-to-market cap ratio of 0.35%, suggesting relatively low trading activity compared to the overall market capitalization. The 24-hour price action indicates a bearish sentiment, with the price struggling to maintain above recent highs and showing a trend of declining prices over the past week, down by 11.37%.

The moving averages reveal a mixed short-term outlook; the 8 and 13 SMA are slightly negative, while the 21 SMA indicates a larger downward trend. The 55 and 144 SMAs show a more significant decline of 4.42% and 8.13% respectively, indicating long-term bearish momentum.

Technical indicators present a more nuanced picture, with the 1-hour RSI at 57, signaling neutral momentum, while the 7-day RSI at 35 indicates an oversold condition. This divergence suggests that a short-term recovery might be possible, but the overall trend remains negative given the longer-term price changes.

Overall, the price has dropped 2.59% over the past 30 days and 6.22% over the past 14 days, highlighting a sustained bearish trend. The all-time high of $4,906.89 from August 2025 further illustrates the current price's distance from its historical peak, emphasizing the need for caution.

Considering the current market conditions and technical indicators, the recommendation is to Hold FRXETH. The oversold RSI suggests potential for a bounce, but the overall bearish trend and declining moving averages indicate that entering a position now could be premature without clear signs of recovery.