Frax Ether (FRXETH) is currently priced at $2,833.56, reflecting a 24-hour decline of 5.37%. The daily trading range indicates volatility, with a high of $3,016.70 and a low of $2,791.43, showing a substantial price movement within a short period.

Trading volume stands at 2,164,576, which contributes to a relatively low volume-to-market cap ratio of 0.93%. This suggests that trading activity is not robust compared to the overall market capitalization, indicating possible reduced interest from traders.

The hourly moving averages present a bearish trend, with all key SMAs (8, 13, 21, 55, and 144) showing negative percentage changes ranging from -3.46% to -4.57%. The 1-hour RSI is notably low at 11, suggesting the asset is significantly oversold, while the 7-day RSI at 46 indicates it is nearing neutral territory but still lacks strong bullish momentum.

In terms of price changes, FRXETH has experienced a 3.52% decline over the last week, a more substantial 14.21% drop over the last 14 days, and a smaller decrease of 4.95% across the past 30 days. The asset remains far below its all-time high of $4,906.89, which it reached on August 24, 2025, highlighting a long-term downtrend.

Given the current technical indicators, including the oversold condition indicated by the RSI and the bearish moving averages, FRXETH appears to be in a correction phase. However, the substantial daily price range indicates potential for short-term trading opportunities, though the overall trend remains downward.

Based on this analysis, the recommendation for Frax Ether (FRXETH) is to Hold. The current price reflects significant downward pressure, and while the oversold conditions suggest potential for a rebound, the prevailing trend indicates caution before initiating new positions.