Zcash holds near $1,348 as ETF outflows slow and NU7 enters public testnet
- —NU7 cuts targeted block spacing from 75 seconds to 25 seconds
- —Network Sustainability Mechanism redirects 60% of transaction fees to future mining rewards
- —Grayscale ZCSH saw $3.57 million in daily outflows versus $93.56 million last week
- —Immediate resistance for ZEC sits at $1,377–$1,384 (4-hour EMA-50 and EMA-100)
Why it matters: Slower ETF redemptions and the NU7 upgrade support a recovery case, but ZEC needs a break above $1,377–$1,384 to confirm.
Source: CoinJournal