$ZEC ETF activity: Grayscale's Zcash ETF reportedly recorded a $3.68 million net inflow on October 14, a potentially positive signal for institutional demand.
Price levels to watch
Reported price (Oct. 16)$1,222 Support zone$1,036–$1,162Reported market data; prices change continuously. Bearish risk: If selling pressure continues and ZEC breaks below $1,036, further weakness is possible.Recovery possibility: Holding the support zone and regaining buying momentum could help the price recover.
Overall outlook ZEC's short-term outlook is uncertain, with bearish pressure. The reported ETF inflow and positive long-term comments are encouraging, but they do not guarantee a recovery.
Price levels to watch
Reported price (Oct. 16)$1,222 Support zone$1,036–$1,162Reported market data; prices change continuously. Bearish risk: If selling pressure continues and ZEC breaks below $1,036, further weakness is possible.Recovery possibility: Holding the support zone and regaining buying momentum could help the price recover.
Overall outlook ZEC's short-term outlook is uncertain, with bearish pressure. The reported ETF inflow and positive long-term comments are encouraging, but they do not guarantee a recovery.