Frax Ether (FRXETH) is currently priced at $3,082.07, reflecting a slight decline of 0.99% over the past 24 hours. The daily trading range of $68.07, with a high of $3,129.08 and a low of $3,061.01, indicates moderate volatility in the market.

Volume stands at 360,995 with a market cap volume ratio of 0.13%, suggesting relatively low trading activity compared to its market capitalization. The short-term moving averages are showing a bearish trend, with the 8 SMA at $3,092.75 and the 55 SMA at $3,121.63, all registering declines over the past period.

The 1-hour RSI of 44 indicates that FRXETH is approaching the oversold territory, suggesting potential for a short-term rebound. However, the 7-day RSI at 49 coupled with a negative 7-day price change of approximately 1.32% shows a lack of momentum in the medium-term outlook.

In the longer term, the 14-day price change is positive at 5.89%, indicating some recovery from recent lows, while the 30-day change is negative at -7.09%, reflecting a broader downtrend. The all-time high remains significantly above the current price at $4,906.89, demonstrating considerable room for growth if the market conditions improve.

Given the current technical indicators, including the bearish moving averages and the mixed RSI signals, the recommendation is to Hold. This position allows investors to observe potential support around the current price level while awaiting clearer signals for either a recovery or further declines.