12:04
The price of Zcash (ZEC) rebounds, attracting attention, as Grayscale ETF boosts buyer confidence.
The price of Zcash (ZEC) has recently rebounded strongly from a key demand zone, becoming the focus of the market once again. Although the overall crypto market is still showing mixed rises and falls, ZEC remains stable near major reaction levels, indicating increased buyer confidence.
The technical analysis shows that the Zcash price is accumulating strength within a descending wedge while forming an Adam and Eve bottom formation. The Adam part presents a V-shaped rapid rebound, while the Eve part supports a rounded and stable formation, indicating that buyers are actively intervening during each pullback, leading to an increasingly clear price structure. The main support levels are at 607 USD, 705 USD, and 800 USD, and if the price successfully breaks through these levels, it will open up further upside potential.
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