Frax Ether (FRXETH) is currently priced at $3,098.45, reflecting a 24-hour increase of 3.59%. The daily price range has shown significant volatility, with a high of $3,115.91 and a low of $2,951.37, indicating a daily range of 164.54%.

Trading volume over the past 24 hours stands at 1,187,539, with a volume-to-market cap ratio of 0.39%, suggesting moderate trading activity relative to its overall market capitalization. The short-term moving averages are trending positively, with the 8 SMA at $3,061.14 (+1.22%) and the 13 SMA at $3,051.14 (+1.55%), indicating bullish momentum in the immediate term.

The 1-hour RSI is notably high at 79, signaling potential overbought conditions, while the 7-day RSI at 54 suggests that FRXETH is currently in a neutral zone. In the past week, the price has appreciated by 3.61%, and over the last 14 days, it has increased by 7.51%, indicating a positive short-term trend.

However, the 30-day price change shows a decline of 14.52%, suggesting that FRXETH has been under pressure in the medium term. The all-time high of $4,906.89, achieved on August 24, 2025, provides a long-term resistance level that could influence market sentiment.

Considering the current price action, the strong short-term momentum, and the recent gains, a Buy rating is warranted for FRXETH. Traders should monitor the overbought RSI conditions closely, as a correction could be imminent, but the prevailing trend suggests potential for further upside in the near term.