Frax Ether (FRXETH) is currently priced at $2,933.92, reflecting a 24-hour decline of 2.35%. The asset has shown volatility with a daily range of $96.85, having reached a high of $3,025.83 and a low of $2,928.98 in the last 24 hours.

Trading volume stands at 2,091,197, indicating a relatively low trading activity with a volume-to-market cap ratio of 0.87%. Short-term moving averages, such as the 8 SMA at $2,967.66 and the 13 SMA at $2,981.36, indicate a bearish trend, as they are all trending downwards, which suggests selling pressure in the market.

The 1-hour RSI is at 30, signaling that FRXETH may be oversold in the short term, while the 7-day RSI of 50 indicates a neutral position, suggesting consolidation. Over the past week, FRXETH has dropped by approximately 2.40%, and the 14-day price change shows a more significant decline of 12.55%, reflecting ongoing bearish sentiment.

Despite the recent downturn, the asset is well below its all-time high of $4,906.89 reached in August 2025, indicating considerable room for potential upside. However, the current trend and technical indicators suggest continued caution, especially as the longer-term price changes remain negative.

Given the bearish trends in both short and medium time frames, along with the low trading volume, the recommendation for Frax Ether (FRXETH) is to Hold. This strategy allows investors to avoid potential losses while monitoring for signs of a reversal or stabilization before considering a buy.