From the 4-hour perspective, ZEC is still in a overall bearish structure, with the price breaking below multiple moving averages, and the short-term rebound strength is relatively weak.

The downward trend line continues to suppress the price, with lower highs forming a clear descending channel. EMA20, EMA60, and EMA120 are in a bearish alignment, with moving averages diverging downward, indicating a medium-term bearish trend.
Recent rebounds have been repeatedly blocked around 450~470, with heavy selling pressure from the bulls.
Support:
400~405
If it breaks below 400, look towards 380 nearby.
Resistance:
440~450 (short-term)
470~480 (EMA120 and previous high resonance)
500 round level
To summarize:
The 4-hour timeframe is still dominated by a bearish trend, with 400 being the dividing line between bulls and bears. Focus on whether the 400 support holds. If a volume-driven rebound occurs, it can be short-term profit-taking; if it effectively breaks below, then look for short positions on the right side! $ZEC