Frax Ether (FRXETH) is currently trading at $3,092.22, having experienced a 24-hour price decline of 3.51%. The daily trading range shows significant volatility, with a high of $3,226.88 and a low of $3,081.41, indicating market uncertainty.

Volume has reached 1,304,781, which corresponds to a market cap volume ratio of 0.50%. The hourly moving averages show a consistent downtrend, with the 8 SMA at $3,179.76 reflecting a 2.75% decrease, while longer-term averages like the 144 SMA indicate a 5.89% drop at $3,285.87.

Technical indicators suggest bearish momentum, as the 1-hour RSI is extremely low at 10, indicating oversold conditions. The 7-day RSI stands at 42, which does not suggest immediate bullish reversal potential, especially considering the price change over the past week is -1.23%.

Over the past 14 days, the price has decreased by 3.76%, but there has been a slight recovery of 3.78% over the past 30 days. The All-Time High of $4,906.89, achieved on August 24, 2025, remains a distant target, emphasizing the current struggle in price action.

Given the significant downward pressure indicated by moving averages, RSI readings, and the recent price trends, the outlook for FRXETH appears bearish. As such, the recommendation is to Hold, awaiting clearer signals for a potential reversal or further confirmation of continued downtrend before making any trading decisions.