ZEC Price Faces $740 Risk as ETF Outflows Hit and Developer Growth Continues

Zcash’s ZEC token has slipped below $1,000 after a November selloff, putting the $740 level in focus as the asset retests its 20-week EMA band and tests whether its broader bullish structure can hold. The pullback marks another sharp correction for ZEC after a run to new highs, a pattern the token has seen before. ETF outflows are adding pressure to price action even as developer activity on the network continues to grow. Traders are watching whether ZEC can defend the 20-week EMA and the $740 area; a failure there would weaken the bullish setup, while a hold would keep the longer-term uptrend intact.