Zcash jumps 11.46% as ETF hopes and institutional buying boost bullish momentum

Zcash (ZEC) surged 11.46% with a 24.27% rise in trading volume, driven by optimism over a potential Grayscale ZEC ETF filing and increased institutional accumulation, notably by Multicoin Capital. The price broke key resistance levels at $542 and $400, pushing toward $627 and eyeing the $700 zone, supported by strong technical indicators like MACD and rising open interest. Traders defended critical support between $560 and $580, reinforcing a bullish market structure and suggesting potential for continued upward momentum in the near term.