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ZCASH ($ZEC ) — Pullback Tests Support as ETF Demand Remains Strong Zcash is facing a short-term pullback after falling from the $1,600–$1,700 area, with ZEC trading around $1,500. Despite the correction, institutional demand remains notable, with Grayscale’s Zcash ETF recording more than $35 million in weekly inflows, while shielded transactions reached 56% of total Zcash transfers last week. Market Structure • Asset: Zcash / ZEC • Current Price: Around $1,500 • Short-Term Bias: Pullback / volatile • Key Psychological Level: $1,500 • Recent High: Around $1,700 ZEC remains in a strong broader uptrend, but momentum has cooled after rejection near $1,700. Futures open interest has also declined around 10% in 24 hours, showing that some leveraged positions are being removed during the pullback. Key Levels Support: $1,420–$1,500 Major Support: $1,300–$1,350 Resistance: $1,650–$1,700 Major Resistance: $2,000–$2,200 A recovery above $1,650–$1,700 would put the recent highs back in focus. However, losing the $1,420 area could increase the risk of a deeper correction toward the $1,300–$1,350 zone. Momentum & Market Drivers • Zcash ETF inflows • Growing use of shielded transactions • Strong privacy-coin narrative • Whale accumulation • Cooling futures open interest • Profit-taking after a strong rally • Grayscale ZCSH ETF activity Bottom Line: ZEC is experiencing a healthy pullback after its strong rally, while institutional demand remains active. The $1,420–$1,500 zone is important for the current structure, while $1,650–$1,700 remains the key resistance area to watch. Market data and news references: September 28, 2026.#PCEAndPayrollsWeek #MicronEarningsAhead #HormuzTermsInFocus