Zcash maintains $1,600 level amid surge in shielded transactions and fund inflows

Zcash (ZEC) is trading around $1,619, supported by a 7.5% gain in the previous session and increased demand for privacy features and regulated investment products. Weekly shielded transactions hit a four-year high of 62,379, with the Ironwood pool accounting for 89% of this activity. Technically, the token is testing the upper boundary of a bullish channel near $1,700; a breakout could target $2,000, while failure to hold may see a retreat to support levels at $1,595 or $1,422.