Frax Ether (FRXETH) is currently trading at $2,915.97, reflecting a positive 24-hour change of 3.65%. The daily range showcases significant volatility with a high of $2,956.26 and a low of $2,772.54, indicating strong market activity and investor interest.

Volume has been recorded at 1,631,240, representing a volume-to-market cap ratio of 0.57%. This suggests moderate trading activity relative to its market capitalization, which may indicate a consolidation phase or a buildup of interest before a potential breakout.

The hourly moving averages show a bullish trend, with the 8 SMA at $2,819.89 and 13 SMA at $2,815.67 both reflecting gains of over 3%. However, the 144 SMA at $2,977.49 is declining at -2.07%, signaling a potential resistance level that traders should monitor closely.

The 1-hour RSI is extremely high at 82, indicating that FRXETH may be overbought in the short term. In contrast, the 7-day RSI at 46 suggests that the asset is closer to neutral territory, which may imply room for recovery or a potential reversal.

Despite recent price declines over 7, 14, and 30 days of -7.22%, -8.30%, and -4.89% respectively, the current upward movement indicates a short-term recovery effort. However, the persistent downward trend over the longer periods suggests caution may be warranted for potential investors.

With an all-time high of $4,906.89 reached in August 2025, the asset still has considerable upside potential if it can maintain momentum above current resistance levels. Given the mixed signals from both the RSI and moving averages, market participants should remain vigilant for any shift in price action.

In conclusion, the recommendation for Frax Ether (FRXETH) is to Hold. This stance is based on the current bullish short-term indicators against the backdrop of longer-term downtrends and overhead resistance, suggesting that waiting for a clearer breakout above $2,977.49 may yield better entry points for future trading strategies.