#美联储重启降息步伐 ZEC has fallen from its all-time high of $5,900 and is now some distance from that peak. However, from a technical perspective, a pullback isn't necessarily a bad thing—under the expectation of the Fed restarting rate cuts and a more accommodative environment, market risk appetite could recover. In the short term, ZEC has support around 430, and the rebound potential is worth watching. Looking at the mid-term, if market sentiment continues to heat up, a return to the previous high near 700 is a reasonable expectation. Looking further ahead on an annual basis, breaking 1,000 is not out of the question. In this Bitcoin-led cycle, ZEC, as a representative of the privacy sector, might be able to keep pace.