Frax Ether (FRXETH) is currently priced at $3,128.64, showing a 24-hour change of 1.32%. The daily range indicates volatility with a low of $3,071.11 and a high matching the current price, reflecting bullish momentum in the short term.

The trading volume stands at 132,044, representing 0.05% of the market cap, suggesting limited liquidity. Technical indicators reveal strong momentum with an hourly RSI at 90, indicating overbought conditions, while the 7-day RSI at 49 suggests potential stabilization after recent gains.

Moving averages show a consistent upward trend in the short-term, with the 8 SMA at $3,091.09 and the 21 SMA at $3,086.21 both posting positive changes. However, the 144 SMA at $3,144.13 is slightly negative, suggesting potential resistance at higher levels.

Despite the recent price increase, the 7-day price change is marginal at 0.20%, while the 14-day change of 6.73% indicates a stronger bullish sentiment recently. The all-time high of $4,906.89 provides a clear target, but the current market dynamics suggest a cautious approach is warranted.

Given the current overbought conditions reflected by the RSI, coupled with the resistance at the 144 SMA, a short-term pullback may be imminent. Therefore, the recommendation is to Hold FRXETH as the price may stabilize or retract before considering additional buying opportunities.