Frax Ether (FRXETH) is currently trading at $2,915.71, showing a marginal increase of 0.06277% over the past 24 hours. The daily range has been relatively narrow, oscillating between a high of $2,936.99 and a low of $2,910.79, indicating limited volatility in the short term.

Volume has reached 1,100,860, which corresponds to a volume-to-market cap ratio of 0.39%. This suggests a moderate trading activity, but the lack of significant volume increase may hinder price momentum in the near term.

The hourly moving averages indicate a slight bearish sentiment, with all key SMAs (8, 13, 21, 55, and 144) showing minor declines. The 1-hour RSI is at 45, reflecting a neutral position, while the 7-day RSI is at 47, suggesting that FRXETH is edging towards oversold territory but has not yet reached it.

Over the past week, FRXETH has experienced a price decline of approximately 1.65%, with a more substantial drop of about 4.88% over the past 14 days. The 30-day price change is slightly less severe at a decline of 2.72%, indicating a bearish trend in the medium term.

The all-time high for FRXETH stands at $4,906.89, achieved on August 24, 2025. Given the current price significantly below the all-time high, the potential for recovery exists, yet the current technical indicators suggest caution.

Considering the current price action, RSI levels, and moving averages, the recommendation for Frax Ether (FRXETH) is to Hold. The market is exhibiting consolidation, and while there is potential for a rebound, the current bearish signals suggest waiting for clearer upward momentum before making a buy decision.