$600 ZEC, do you dare to buy in?

Are you still calling ZEC a “zombie coin”? It has risen from $16 to $600, a 37x increase. Yesterday SEC let go, today Grayscale is buying in, and you’re still waiting for a pullback. The spring of privacy coins always belongs to those brave enough to pick up chips in a pile of dead bodies.

First thing: SEC closes the door and lets the dogs out? No, SEC closes the door and releases ZEC

On June 2, two major events happened simultaneously:

1. Grayscale officially submitted a spot ETF application for Zcash (ticker ZCSH, custody by Coinbase)—the first privacy coin ETF, opening the institutional channel.

2. On the same day, SEC announced the closure of its investigation into Zcash, with no enforcement actions—two years of regulatory uncertainty wiped out overnight.

Multicoin Capital just disclosed a $62 million heavy position, Arthur Hayes called the shots, Foundry launched a ZEC mining pool, ZODL Labs secured $25 million in funding from Paradigm and a16z.

Second thing: ZEC made three bold moves technically

First, the Orchard pool’s emergency upgrade completed: June 1-3, soft/hard fork fixed zero-knowledge proof vulnerabilities, network zero loss, privacy intact.

Second, the supply of shielded ZEC hit a record high: 5.13 million coins, over 30% of total supply.

Third, after the 2024 November halving, annual inflation rate has dropped to about 2%, with a supply curve tighter than Bitcoin’s.

Third thing: technical signals tell you “600 is just the beginning”

Daily/weekly all moving averages are golden crosses, price above MA50/200.

ZEC/BTC broke through a nearly 10-year high, completing a “comeback” against Bitcoin.

Volume increased by 89%, MACD formed a second golden cross, RSI rebounded from overbought and started rising again.

Bull-bear showdown, see for yourself.

One side:

- Grayscale ETF application + SEC investigation closure (dual drivers)

- Annual supply only 2%, halving effects beginning to show

- Shielded proportion exceeds 30%, real usage hits new highs

- Institutions entering collectively (Multicoin, Paradigm, a16z)

- Completely decoupled from BTC, rises when the market falls

The other side:

- Historically highly volatile, still haunted by the drop from $3000 to $16

- Global privacy regulation still uncertain (but SEC has made a statement)

- If BTC rebounds quickly to $75k, ZEC might pull back 10-15%

Key level at 610, only 10 away from previous high of 674

Resistance above: 680-750 → 800 → 1000+

Support below: 550 → 530-500 (strong bottom)

Short-term traders:

Buy in batches around current price of 610, stop loss at 530, first target 680-720, second target 800. If it pulls back to 550-580, add heavily, don’t hesitate.

Mid-term traders:

Hold core positions until Grayscale ETF has clear progress (most likely in Q2/Q3), target 1000+. For every 30% rise, reduce 20% of holdings, keep some for big gains.

Risk management:

- Single position no more than 5-8% of total funds (privacy coins are volatile)

- Leverage no more than 2-3x, don’t be greedy

- If ETF is unexpectedly rejected (very low probability), cut losses quickly

This wave of ZEC is not a rebound, it’s a reversal

Still waiting for BTC to pull back?

Still watching ETH’s face?

Real alpha never cares about the market’s face. #分享美股交易赢英伟达股票 #成长值抽奖赢金条 $BTC $ETH $ZEC