$ZEC is doing more than just pumping now... there’s an actual catalyst behind this move.
Grayscale has kept pushing its Zcash Trust toward an ETF structure, and the latest filing now puts the proposed fund on NYSE Arca while also disclosing non-binding talks for a DCG subsidiary to acquire roughly 200,000 ZEC through the fund. The filing process has also advanced again since the fourth amendment, with a newer amendment filed on Aug. 21.
On the chart, the 4H run from roughly $484 → $857 is obvious... but what I care about more is that price is still holding around $800 after that vertical move instead of instantly giving it all back.
That makes $ZEC $800 the level I’d keep watching. Hold it, and $857 to $900 to $950 stays very much in play.
This one has hype, momentum, and now a real institutional narrative behind it. Crypto loves that combination a little too much.
$ZEC
#GrayscaleFilesFifthZECETFAmendment #BitcoinBestWeekSinceMarch2023
Grayscale has kept pushing its Zcash Trust toward an ETF structure, and the latest filing now puts the proposed fund on NYSE Arca while also disclosing non-binding talks for a DCG subsidiary to acquire roughly 200,000 ZEC through the fund. The filing process has also advanced again since the fourth amendment, with a newer amendment filed on Aug. 21.
On the chart, the 4H run from roughly $484 → $857 is obvious... but what I care about more is that price is still holding around $800 after that vertical move instead of instantly giving it all back.
That makes $ZEC $800 the level I’d keep watching. Hold it, and $857 to $900 to $950 stays very much in play.
This one has hype, momentum, and now a real institutional narrative behind it. Crypto loves that combination a little too much.
$ZEC
#GrayscaleFilesFifthZECETFAmendment #BitcoinBestWeekSinceMarch2023