#ZcashETFPostsFirstWeeklyOutflow$93.6M 🚨 ZCASH ETF JUST TURNED BEARISH. IS THE ZEC RISE FINISHED? 🐻📉
The story about the Zcash ETF just changed.
Grayscales ZCSH had its weekly net outflow since it started, with $93.6M leaving the fund. Two weeks ago it gained $98.2M. A major change in interest from big investors.
At the time ZEC has dropped toward $1,300, down around 8% week over week and about 23% from its latest high of $1,690.
📉 Important levels that traders are keeping an eye on:
* $1,270 to $1,300 → support
* If this area breaks → $1,155 might become important
* If $1,380 to $1,425 is taken back → a sign of recovery
The big question is: Is this just selling after a big rise or the start of a bigger drop, in ZEC?
👀 Would you buy ZEC near $1,300. Wait for the ETF to start bringing in money again?
#zcash #zec #Khan62 #altcoins
$ZEC ·$DASH $ZAMA
The story about the Zcash ETF just changed.
Grayscales ZCSH had its weekly net outflow since it started, with $93.6M leaving the fund. Two weeks ago it gained $98.2M. A major change in interest from big investors.
At the time ZEC has dropped toward $1,300, down around 8% week over week and about 23% from its latest high of $1,690.
📉 Important levels that traders are keeping an eye on:
* $1,270 to $1,300 → support
* If this area breaks → $1,155 might become important
* If $1,380 to $1,425 is taken back → a sign of recovery
The big question is: Is this just selling after a big rise or the start of a bigger drop, in ZEC?
👀 Would you buy ZEC near $1,300. Wait for the ETF to start bringing in money again?
#zcash #zec #Khan62 #altcoins
$ZEC ·$DASH $ZAMA
