ZEC: Grayscale ETF Fuels Break Above $800

ZEC ripped above its January 2018 peak as Grayscale advances conversion of its Zcash Trust into the first U.S. spot privacy-coin ETF, slated for NYSE Arca trading around August 25.

Volume in ZEC futures exceeded $4B in 24 hours while the token posted a 40% gain, outpacing broader moves in Bitcoin and lifting prospects for privacy-focused products.

Traders eyeing ZEC price prediction models now watch the 4h structure where price sits at $795.92 inside the Bollinger Bands with upper resistance at $858.77. RSI at 81.04 signals overbought conditions while the MACD golden cross at 73.73 keeps the bullish bias intact above EMA50 support at $594.33 and EMA200 at $527.45, suggesting any near-term pullback would likely find bids at the 50-period line before continuation.