ZEC Hits $1,000 As Leverage Raises The Risk Of A Sharp Dro
For about ten years, ZEC has just crossed 1000 dollars for the first time. This crypto briefly exceeded 1045 dollars on Friday, September 4, after a monthly increase close to 100%. Such a rally was supported by the launch of Grayscale’s…
Cointribune
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Sep 5, 2026 at 8:05 AM UTC · 4 Min. Lesezeit
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For about ten years, ZEC has just crossed 1000 dollars for the first time. This crypto briefly exceeded 1045 dollars on Friday, September 4, after a monthly increase close to 100%. Such a rally was supported by the launch of Grayscale’s Zcash ETF, demand for confidential transactions, and short position liquidations. However, the evolution of leverage and the high RSI level now amplify the risk of a sharp pullback.
In brief
- ZEC crosses 1,000 dollars after a monthly increase close to 100%.
- Grayscale’s Zcash ETF and the short squeeze fuel the price increase.
- Short position liquidations reach nearly 34.5 million dollars.
- Zcash’s technical improvements greatly accelerate private transactions.
- 1,100 dollars become the next target, with key support around 985 to 1,005 dollars.
The ETF and a short squeeze propel Zcash above 1,000 dollars
According to market data, ZEC jumped 20% in 24 hours before reaching a peak between 1023 and 1045 dollars. The crypto’s valuation approached 17 billion dollars, while its trading volume exceeded 1.2 billion dollars.
This move also enabled the token to surpass its January 2018 high. However, it is not an all-time record. Prices near 30,000 dollars observed during Zcash’s 2016 launch were based on a very low circulating supply and remain difficult to compare to the current market.
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