🚨 $ZEC SURGE ALERT — FIRST-EVER ETF FILING IGNITES INSTITUTIONAL INTEREST! 🚨
Zcash ($ZEC) is breaking through the stagnant market, holding strong above $500, and building momentum fueled by three
major catalysts:
1️⃣ Grayscale S-3 Filing — proposing the first-ever spot Zcash ETF ($196M in assets), legitimizing ZEC’s “compliance-ready privacy” narrative.
2️⃣ Institutional Reallocation — Nasdaq-listed Reliance Global Group shifted its crypto treasury fully into ZEC, highlighting demand for transparent yet privacy-preserving assets.
3️⃣ Technical Resilience — after an 18% weekly drop, $ZEC stabilized above the 30-day SMA ($504.94) and 50% Fibonacci retracement, with RSI neutral and upside room intact.
📈 Key Price Level to Watch:
$569 — the 38.2% Fibonacci retracement. A close above this would confirm trend reversal and trigger renewed bullish momentum.
💡 Why It Matters:
Rising shielded balances + recent NU6.1 upgrade = strong fundamentals.
Institutional conviction + ETF potential = paradigm shift for privacy-focused crypto.
⚡ Actionable Insight: Watch for a breakout above $569 for momentum acceleration. This is a rare institutional + technical setup in privacy crypto.
#zec #zcash #ETFs. #CryptoMomentumMagic #orocryptotrends
🛑 Disclaimer: Not financial advice. Educational purposes only.
