Frax Ether (FRXETH) is currently trading at $2,902.85, experiencing a slight decline of 0.96% over the past 24 hours. The daily price range shows significant volatility with a high of $2,968.10 and a low of $2,878.13, indicating a 3.1% fluctuation within the trading day.

The trading volume stands at 190,167 FRXETH, which is relatively low compared to its market cap, reflected in a volume-to-market cap ratio of just 0.07%. Short-term moving averages indicate a bearish trend, with the 8-hour SMA at $2,949.22 showing a decline of 1.57%, while the longer 144-hour SMA aligns closely at $2,949.16, also down by 1.57%.

Momentum indicators are revealing mixed signals; the 1-hour RSI is neutral at 51, suggesting a balanced buying and selling pressure. However, the 7-day RSI at 48 indicates a slight bearish sentiment, as it is approaching the oversold territory, while the 14-day price change reflects a notable decline of 4.71%.

Despite the recent downturn, the 30-day price change shows a slight positive trend of 0.74%, hinting at potential recovery over a longer timeframe. The all-time high for FRXETH stands at $4,906.89, reached in August 2025, indicating substantial room for growth if the market conditions improve.

Considering the current technical indicators and market sentiments, FRXETH is exhibiting signs of a short-term downtrend but may stabilize in the near term given its neutral RSI and previous price performance. Therefore, the recommendation is to Hold FRXETH, as there may be potential for a rebound, but caution is warranted due to the prevailing bearish trends.