Grayscale Zcash ETF Filing Sparks Rally, Will Dump Follow?

ZEC prices have surged by over 2,700% this year and are now challenging the $700 resistance level after Grayscale filed for a Zcash ETF. This significant price movement has renewed interest in ZCash as it approaches levels that have previously triggered strong rejections. Analysts see this ETF news boosting momentum, but they emphasize the need for buyers to clear the supply zone between $580 and $611 to sustain further gains. 7-day performance shows a downward trend with price at $510.61 currently down 25% from last week’s highs.