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Zcash price surged more than 70% over the past week to an eight-year high near $885 before retreating below $820, as Grayscale’s ETF conversion plan and an NU7 governance vote drew traders toward ZEC. Summary ZEC reached its highest price since 2018 after breaking above the major $750 resistance level. Grayscale’s amended filing seeks to convert its Zcash Trust into an NYSE Arca-listed spot ETF. NU7 voting eligibility was determined by the shielded ZEC held during an August 24 network snapshot. Technical charts show support near $812 and $750, while $875 remains the immediate resistance. Zcash price pulls back after reaching $885 According to data from crypto.news, Zcash (ZEC) price traded near $820 at the time of writing after reaching approximately $885 earlier in the session, according to exchange data. The privacy coin gained more than 70% during the past seven days and reached its highest level since 2018. The rally accelerated after ZEC cleared $562.50, which marked the upper boundary of its previous trading range on the daily chart. Buyers then pushed through successive levels at $625, $687.50, and $750. ZEC moved as much as 77% above its August consolidation area near $500 before sellers emerged around $875. Its daily candle subsequently fell about 4%, with the price slipping from an opening level near $854 to approximately $820. The retreat has not yet erased the wider breakout. ZEC remains above the former $750 resistance identified by Rand Group, which said the level would need to become support for another bullish wave to develop. Zcash price daily chart — Aug. 24 | Source: crypto.news The daily Bull Bear Power reading stood at 376.58, showing that buying pressure remained elevated despite the pullback. However, the size of the indicator’s recent increase also reflects how far and quickly ZEC has moved away…