Frax Ether (FRXETH) is currently priced at $2,969.36, reflecting a slight 24-hour decline of 0.18719%. The daily trading range has been relatively tight, with a high of $2,999.08 and a low of $2,948.17, indicating a 50.91% volatility index for the day.

Volume has remained moderate at 367,948, contributing to a market cap volume ratio of 0.13%. The hourly moving averages are showing a slight upward trend, with the 8 SMA at $2,967.64 and the 55 SMA at $2,963.19, suggesting that short-term momentum is building.

The 1-hour Relative Strength Index (RSI) is at 57, indicating neutral to slightly bullish sentiment, while the 7-day RSI at 55 also suggests stability without overbought conditions. Over the past week, the price has increased by 2.11%, with a 14-day change of 4.69% and a 30-day change of 5.91%, indicating a positive medium-term trend.

Given that the price is currently below its all-time high of $4,906.89 set on August 24, 2025, there remains significant upside potential. The recent price changes and RSI levels indicate that FRXETH is consolidating before a potential breakout.

Considering the technical indicators and recent performance, the recommendation is to Buy FRXETH. The current price level, combined with positive short and medium-term trends, supports further upward movement in the near future.