@attila thank you for getting back to me. Sorry for the delayed response, I must have missed the notification that you had replied.
The first screenshot (with open circuit UTP cable)makes sense to me.
I don't have experience running tests like this with a shorted cable, but I'd suspect at low frequencies, the inductive and capacitive components of the impedance to be negligible, and the resistance to be low (if shorted)... seems like the traces in the second screenshot illustrate that. I'm not familiar with the WaveForms user interface, so not sure what the difference is between the dotted and solid orange traces.
From your data peovided, it seems like it's worth a time and $ investment on my side to evaluate suitability further.
Could you describe the physical circuit configuration, any special breakout boards you're using, and what modes/settings you've used to performed these tests?
I see the graphic in the upper right of your screenshots, but I'm not sure how that compares to where you have physical components connected.
Thanks again!