The crypto market is moving in opposite directions this week. Some coins are facing heavy selling pressure, while others are building technology that could reshape how blockchain works. ZCash recently saw a sharp drop, falling from $700 to around $351. Likewise, Ethereum is testing support at $2,741 after falling over 9% in 24 hours.
Meanwhile, Zero Knowledge Proof has just launched its presale auction, along with its four-layer network that solves major problems other blockchains can’t fix. What does it mean when two major cryptos fight declining values while a presale with working infrastructure gains attention? It suggests traders reward actual technology over hoping for recovery. This shift makes Zero Knowledge Proof a strong contender as the next big crypto in the market.
ZCash Price Drops 50% From Recent Highs
The ZCash price hit resistance near $750 recently. Analyst Crypto Patel warned the move looked overheated. He was right. The coin dropped about 50% and now sits near $351. The drop started at the all-time high zone. ZCash tried breaking through $750 multiple times. It failed each attempt. Once the rising trendline broke, sellers took control. Volume dried up. The ZCash price drifted back to the mid-$300 range.
Patel sees a possible bounce coming. The price could rebound to $400-$450 before deciding what comes next. But the bigger picture still points down. The run above $700 was euphoric. Those moves usually cool off with deeper pullbacks.
Patel’s chart shows levels below $200 as possible before finding a real bottom. There’s a large gap between $135 and $90 that matches important Fibonacci levels. If the price moves there, that means an 80% drop from the top.
This matches how the coin behaved in previous cycles. The pattern stays familiar: hit resistance, fail breakout, lose support, retrace deeper. Right now, the ZCash price reflects weakness with no clear reversal signal appearing.
Ethereum Price Chart Tests Critical Support Levels
The Ethereum price chart shows trading at $2,741.60 as the coin tests key support. Technical indicators display oversold conditions building. A major whale accumulated 77,385 ETH worth $212 million through multiple purchases.
This suggests renewed confidence at current levels. Large accumulation often marks early rebound stages. Support on the Ethereum price chart ranges from $2,700 to $2,750. Charts show strong rejection at $3,038 resistance. That’s the next major hurdle for recovery.
The RSI sits at 31, meaning oversold territory. The On Balance Volume flattens on the Ethereum price chart, suggesting less selling pressure. Many analysts believe that if support holds, the coin will likely retest $2,900 to $3,000 soon. Whale buying shows confidence returning.
If $2,700 support holds, the Ethereum price chart should show a rebound. A breakdown below could delay recovery. The next few days are critical for direction.
Zero Knowledge Proof: Four-Layer Architecture Powers the Next Big Crypto!
While the ZCash price falls and the Ethereum price chart shows weakness, Zero Knowledge Proof has built something completely different. The project positions itself as the next big crypto through its unique four-layer architecture that’s already live and working.
Most blockchains can’t provide privacy, speed, and security all at once. Zero-Knowledge Proof solves this through four separate layers working together.
The Consensus Layer uses a hybrid model combining Proof of Intelligence with Proof of Space. It runs on Substrate’s BABE and GRANDPA consensus mechanisms. BABE produces blocks quickly while GRANDPA finalizes them securely. This creates fast transactions with solid security backing every operation.
The Execution Layer supports both EVM and WASM environments. EVM means Ethereum compatibility works right out of the box. WASM enables high-performance AI compute beyond basic smart contracts. Zero-knowledge wrappers sit between layers, providing private proof validation. Your transaction data stays hidden while remaining completely verifiable.
The Proof Generation Layer incorporates serious cryptographic tools. Multi-Party Computation splits data across multiple parties so no single party sees everything. Homomorphic Encryption allows computation on encrypted data directly. The system uses zk-SNARKs for quick proofs and zk-STARKs for transparent security without trusted setups.
The Storage Layer integrates IPFS and Filecoin for distributed data management. Merkle Tree verification ensures data integrity across the network. Everything stays backed up across multiple nodes automatically.
The presale auction is live right now, and buyers are rushing to join after seeing the fully functioning network. This strong delivery separates Zero Knowledge Proof as the next big crypto, bringing traders an actual working infrastructure instead of just promises or future roadmaps.
Final Thoughts
The ZCash price fell 50% from recent highs, and technical analysis suggests further downside remains possible before finding a real bottom. The Ethereum price chart tests critical support at $2,700 with whale accumulation providing some hope, but direction remains uncertain. Both coins face challenging short-term conditions with limited reversal catalysts appearing.
On the other hand, Zero Knowledge Proof has built a four-layer network that’s live and operating today. The system provides security, privacy, and scalability simultaneously through its Consensus, Execution, Proof Generation, and Storage layers working together.
Plus, the presale auction is live now, and savvy buyers are moving quickly to secure their share. For those seeking the next big crypto with substance beyond price charts, Zero Knowledge Proof offers a verifiable infrastructure working today.
Join ZKP Presale Auction Today: ZKP.com