The $ZEC structure remains fairly straightforward right now.

So far, the move is tracking the November playbook surprisingly well. We saw a strong push into the $700 area, followed by a sharp correction back into the $300s, and now a recovery rally heading straight back into major resistance.
The key difference is what happens next.
At the moment, price is struggling at the exact same zone that capped the rally last year. The $540 area has once again become the line in the sand, and it’s not a coincidence that momentum is slowing down there.
As long as $ZEC continues getting rejected around this level, the November fractal remains valid and the broader correction likely isn’t finished yet.
On the other hand, a clean break above $540 followed by sustained acceptance would start changing the picture entirely. That would weaken the fractal comparison and shift the focus away from another lower high scenario.
If that happens, I’d be much more interested in viewing this as the start of a genuine breakout attempt rather than just another relief rally into resistance.