$ZEC
Price Action: ZEC is currently trading around $255–$270, showing a strong recovery of over 15-20% in the last few days after bouncing from a support floor near $220.
ETF Momentum: Bullish sentiment is being driven by Grayscale's recent filing (Feb 14, 2026) to convert its Zcash Trust into a spot ZEC ETF.
Technical Shift: The Zcash Foundation has designated Zebra (a Rust-based node) as the sole consensus implementation for Network Upgrade 7, replacing the legacy zcashd.
Governance Drama: A recent developer exodus from the Electric Coin Company (ECC) caused a temporary 26% price drop in January, though the community has since stabilized.
Institutional Backing: DCG’s Barry Silbert recently highlighted ZEC as an "asymmetric bet," predicting a rotation of Bitcoin capital into privacy-focused assets.
Key Resistance: Analysts are watching the $290–$300 zone; a daily close above this "psychological wall" could trigger a rally toward $350+.
Privacy Adoption: Shielded usage is at an all-time high, with over 30% of the total supply now held in fully private pools, boosting the coin's fundamental utility.