Zcash (ZEC) is currently trading at $498.73, experiencing a 2.0% decline over the past day. The cryptocurrency finds support at $495.56, with resistance noted at $542.92. This comes as Grayscale has filed to convert its Zcash Trust into an exchange-traded fund (ETF), a move that coincides with ZEC's impressive yearly gain of over 2,700%. Despite the significant annual increase, Zcash's price remains below the $700 resistance level. Analysts are monitoring potential price movements, with possible declines toward $350 or even the $200–$100 range being considered.