# Zcash Faces Correction Risk as Technical Indicators Weaken By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/28147 Published: 2026-10-08T14:05:44.000Z Updated: 2026-10-08T14:05:44.000Z Section: Investing > ZEC rose from about $478 in mid-August to $1,701 in late September before correcting, while ETF flows added uncertainty to the market outlook. Zcash (ZEC) rose more than threefold from about $478 in mid-August to $1,701 in late September before entering a correction, as weakening technical conditions and uncertain exchange-traded product flows increased market risk. Shielded transactions conceal the sender, recipient and amount, while transfers between transparent and shielded pools reveal the amount transferred. Moving funds into the shielded pool can make later wallet-level tracking more difficult. ZEC fell below a downward-sloping trendline and formed a lower high at $1,385, while technical downside markers were placed near $1,060, $820 and $478. Those levels are technical-analysis markers rather than confirmed support prices. Momentum readings also weakened. Chaikin Money Flow stood at negative 0.15, while the Trend Strength Index was negative 0.86. ETF flows added uncertainty to the market outlook. Grayscale’s spot Zcash exchange-traded product, which trades under the ticker ZCSH on NYSE Arca, recorded outflows or no activity after the final week of September, when ZEC approached $1,700. Cumulative selling exceeded $105 million, including about $8.49 million during the preceding 24 hours. The figures cover different measurement periods and do not establish that redemptions caused ZEC’s decline. The selling also contrasts with ZCSH’s early demand after its Aug. 25, 2026, launch. The product surpassed $500 million in assets under management by Sept. 8, 2026, with more than $70 million in cumulative inflows during its first two weeks and a separate $100 million investment by an affiliated investor. ZCSH uses creations and redemptions to link its shares with the value of ZEC held by the trust. The product gives brokerage-account investors direct spot exposure to ZEC, and its shares can trade above or below net asset value. Digital-asset markets also remain open while NYSE Arca is closed, allowing ZEC’s market to move outside exchange trading hours. The developments continue [TokenPost’s coverage of ZCSH’s first 30 trading days](). A second U.S. exchange-traded product remains a proposal: Winklevoss Asset Services filed a preliminary Form S-1 on Oct. 6, 2026, for a fund that would hold ZEC directly and seek to trade on Nasdaq. The filing does not establish Securities and Exchange Commission approval, a launch date or trading availability. The market indicators and ETF flows likewise do not confirm that selling pressure has ended. ## Links in this article - [TokenPost’s coverage of ZCSH’s first 30 trading days](https://www.tokenpost.com/news/investing/27689)