Zcash falls as US inflation surprise offsets $3.68M ETF inflows
- —US annual CPI rose to 3.7%, above the 3.6% forecast
- —Grayscale's Zcash ETF (ZCSH) drew $3.68M after two days of outflows
- —ZEC trades near $1,111, below EMA50 at $1,242 and EMA200 at $1,264
- —RSI at 34 and MACD below zero keep sellers in control
Why it matters: A break below $1,115 support could send ZEC toward $1,000 and lower, adding pressure on privacy coins amid a hawkish macro backdrop.
Source: FXStreet Crypto