Short positions have been closed! Ethereum network activity heralds a big market

Ethereum's NVT ratio has fallen to its all-time low, indicating that its valuation is undervalued, but has also raised sustainability concerns. Open contracts soared to $32.27 billion, with shorts clearing $14 million and longs clearing $3 million, indicating strong bullish pressure. Binance data shows that the clearing cluster is moving in the direction of $4,900-5,000, supporting the potential rush of Ethereum towards $5,000.