Bullish Signals: NVT at Historic Lows and Undervaluation
Ethereum (ETH), the second-largest cryptocurrency by market cap ($569 billion), is consolidating above $4,600, with a current price of $4,658 (+4.14% in 24h and a volume of $43 billion).
First, Ethereum’s 30-day NVT ratio (Network Value to Transactions) has fallen to a historic low, indicating that network activity (daily transactions ~1 million) far exceeds the current market cap, signaling undervaluation.
Historically, such low NVT ratios precede significant rebounds, as seen in 2021 (10x increase after NVT low). With DeFi TVL at $120 billion and upgrades like Pectra, ETH appears undervalued relative to its scalability utility (doubled blobs for L2s).
Rising Open Interest: Increased Speculation
Additionally, ETH Open Interest has climbed to $32.27 billion, +4.11% in 24h, reflecting growing trader confidence in both long and short positions. On Binance, perpetual futures OI has reached $12 billion. This expansion, similar to May 2025 (OI at 4.44 million ETH), often precedes rallies. ETH is also boosted by spot ETFs, with approximately $8 billion in inflows during 2025.
Short Liquidations Dominate: Short-Term Correction Ahead?
Derivatives data shows a massive imbalance: $14 million in shorts liquidated vs $3 million in longs in 24h, the highest since August. On Binance, 70% of accounts are long, forcing a short squeeze that propelled ETH above $4,700.
This reflects bullish sentiment, with liquidations amplifying the rally ($388 million in August). However, it may also indicate short-term volatility and potential liquidation of long positions to the downside.
The Path to $5,000: Resistances and Catalysts
ETH is oscillating in a range between $4,200-$4,800, with resistance at $4,800-$5,000 (concentration of liquidity). A breakout supported by volume could drive a move up to $5,200.
As mentioned earlier, the excess of long positions could trigger a short-term drop to support between $4,450 and $4,400, representing a 4% decline from its current price.
In conclusion, the convergence of historically low NVT with rising OI and liquidated shorts positions ETH in a bullish momentum for the medium term, with an upside of 6% in the coming weeks. Caution remains necessary in the short term until $4,800 is maintained as support.
How to Buy Ethereum (ETH) on Zoomex?
Ethereum is expected to reach $5,200 in the coming weeks. A correction between $4,500 and $4,400 would offer an opportunity to enter the market. Here’s how to acquire ETH on Zoomex with ease before its next rally:
- Sign up on Zoomex: Visit the official Zoomex website and create an account with a valid email address. Confirm your registration via the link received by email.
- KYC Verification: Submit an ID card or passport to validate your account and enable secure transactions.
- Deposit Funds: Access your wallet and deposit USDT, BTC, or use a bank card for direct crypto purchases.
- Buy ETH: Navigate to the spot market, select the ETH/USDT pair, and place an order at the current price or at a limit level suitable for your strategy.
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