Frax Ether (FRXETH) is currently priced at $2,990, reflecting a 24-hour decline of 3.70%. The daily price range fluctuated between a low of $2,959.94 and a high of $3,146.04, indicating high volatility with a daily range of 186.1%.

The trading volume stands at 245,352, resulting in a volume-to-market cap ratio of 0.08%. Short-term moving averages show a downward trend, with the 8 SMA at $3,056.92 (-2.19%) and the 13 SMA at $3,078.73 (-2.88%), suggesting bearish momentum in the immediate timeframe.

The 1-hour RSI is notably low at 23, indicating oversold conditions, while the 7-day RSI at 51 suggests that the asset is in a neutral zone. In the longer term, the 14-day price change shows a positive movement of 9.15%, contrasting with a negative 12.34% change over the last 30 days, pointing to potential recovery signals.

Despite the recent price drop, the all-time high of $4,906.89 remains a critical resistance level for future growth. The current price is significantly below this peak, suggesting potential upside if market conditions stabilize.

In conclusion, given the current oversold conditions indicated by the low RSI and the price being closer to the lower end of the recent trading range, a Buy rating is warranted for FRXETH. The potential for a rebound exists if the market sentiment improves, particularly in the context of the overall cryptocurrency market dynamics.