Frax Ether (FRXETH) is currently priced at $2,789.98, reflecting a 3.29% increase over the last 24 hours. The daily price movement shows a high of $2,806.91 and a low of $2,674.01, indicating a significant daily range of 132.9%.

Trading volume stands at 538,918, with a volume-to-market cap ratio of 0.19%. This low ratio suggests that trading activity is relatively muted compared to the overall market capitalization, indicating a lack of strong investor interest at this price point.

The short-term moving averages indicate bullish momentum, with the 8 SMA at $2,722.62 (+2.47%), 13 SMA at $2,712.89 (+2.84%), and 21 SMA at $2,710.68 (+2.93%). However, the 144 SMA at $2,909.43 shows a decline of 4.11%, suggesting potential resistance ahead as prices approach this moving average.

The 1-hour RSI is at 73, signaling overbought conditions, while the 7-day RSI sits at 44, which indicates a neutral position. The price has decreased by 11.02% over the past week, with a more pronounced decline of 15.94% over the past 14 days and 29.24% over the last 30 days, suggesting a bearish trend in the medium to long term.

Given the recent upward movement and the bullish short-term moving averages, there might be a potential for short-term gains. However, the overbought 1-hour RSI and the negative longer-term price changes indicate that caution is warranted.

Overall, the analysis points to a current Buy rating for FRXETH due to short-term bullish momentum, but traders should be aware of the potential for resistance at the 144 SMA and the broader bearish trends over the past month. This creates an opportunity for quick gains while remaining vigilant about possible corrections.