Frax Ether (FRXETH) is currently priced at $3,107.81, showing a modest 24-hour increase of 0.3131%. The daily price has fluctuated between a high of $3,198.34 and a low of $3,078.14, reflecting a daily range of 120.2%, indicating significant volatility.

The trading volume over the past 24 hours is approximately $7,604,506, which corresponds to 2.48% of the market cap. Moving averages indicate a bearish sentiment in the short term, with the 8 SMA and 13 SMA showing declines of 1.75% and 1.91%, respectively, while the 55 SMA and 144 SMA are in positive territory, suggesting potential support levels below the current price.

The 1-hour RSI is at 39, indicating that FRXETH is approaching oversold territory, while the 7-day RSI at 54 suggests neutral momentum. Recent price changes show a 4.47% increase over the past week, a 6.01% rise over the last two weeks, but a significant decline of 8.21% over the past month, indicating mixed short-term performance.

Despite the current trading environment, FRXETH remains well below its all-time high of $4,906.89, reached in August 2025. The upward trend in the 55 SMA and 144 SMA may suggest a potential rebound from the recent downturn, but the overall bearish signals in the shorter-term moving averages need to be monitored closely.

Given the mixed technical indicators and recent price performance, a cautious approach is warranted. I recommend a Hold rating for FRXETH at this time, as the potential for a rebound exists but requires confirmation from a sustained upward movement above key resistance levels around the 21 SMA and recent highs.