Frax Ether (FRXETH) is currently priced at $2,184.86, reflecting a substantial 24-hour increase of 21.52%. The daily price range has shown considerable volatility, with a high of $2,202.44 and a low of $1,782.96, indicating a range of 419.48%.

The trading volume stands at 2,307,623, with a volume-to-market cap ratio of 0.88%, suggesting moderate liquidity in the market. Short-term moving averages are all trending positively, with the 8 SMA at $1,976.22 (+10.56%) and the 13 SMA at $1,947.18 (+12.21%), indicating bullish momentum in the immediate timeframe.

However, the 1-hour RSI is extremely high at 98, suggesting that the asset may be overbought in the short term. Conversely, the 7-day RSI at 66 indicates that the asset is still within a healthy range, while longer-term trends show significant price increases of 18.63% over 7 days, 23.97% over 14 days, and an impressive 48.39% over 30 days.

Frax Ether's all-time high of $4,084.25, reached in December 2024, sets a significant resistance level that could be targeted if current bullish momentum continues. Given the combination of strong recent performance, positive moving averages, and a healthy longer-term outlook, the current momentum suggests continued upward potential.

Overall, the current technical indicators and price action provide a bullish outlook for Frax Ether. Therefore, the recommendation is to Buy FRXETH, capitalizing on the current momentum while being mindful of the overbought conditions indicated by the short-term RSI.