Frax Ether (FRXETH) is currently trading at $3,104.46, reflecting a slight decline of 1.35% over the last 24 hours. The price has seen a daily range of $84.29, with a high of $3,156.88 and a low of $3,072.59, indicating volatility in the short term.

Trading volume over the past 24 hours is 448,464, representing a volume-to-market cap ratio of 0.17%. The hourly moving averages suggest mixed signals, with the 8 SMA and 13 SMA showing slight upward trends while the 21 SMA and 144 SMA indicate a downward trajectory, reflecting uncertainty in price movement.

The 1-hour RSI stands at 53, indicating a neutral position, while the 7-day RSI at 44 suggests potential bearish momentum in the short term. The recent 7-day price change of -3.31% coupled with the 14-day increase of 6.49% hints at recent weakness but longer-term bullish sentiment.

Frax Ether's all-time high of $4,906.89 set in August 2025 remains a significant resistance point, while current prices are well below this level. The 30-day price change of 0.71% signals stability, but with recent downward pressure, traders should proceed cautiously.

Given the mixed signals in the moving averages, the neutral 1-hour RSI, and short-term bearish sentiment reflected in the 7-day RSI, I recommend a Hold rating for Frax Ether (FRXETH). This strategy allows for potential recovery while monitoring for clearer signals before committing to a buy or sell.