Zcash rebounds to $1,200 as ETF inflows hit $41M, but $1,000 risk persists
- —Grayscale's Zcash ETF took in $41.09 million last week, snapping a three-week outflow streak
- —ZEC trades below its 4-hour EMA50 at $1,207 and EMA200 at $1,231
- —The $1,296–$1,385 supply zone capped last week's rebound near $1,368
- —Network Upgrade 7 is set for November 5, cutting block times to 25 seconds and disabling Sprout
Why it matters: Renewed ETF demand is an encouraging signal, but without reclaiming the moving averages and the $1,296–$1,385 zone, the recovery lacks price confirmation.
Source: Cryptonews.net