According to CoinMeta, after a strong rebound in September, the price of Zcash fell back to around $1,400, losing the support level of $1,500 and facing new selling pressure. According to CoinMeta data, the current trading price of ZEC is around $1,412, with a 0.4% decline within 24 hours and a 12% decline over the past seven days. Despite the recent pullback, ZEC has still risen by about 70% in the past 30 days. Analysts point out that ZEC is approaching a potential bullish setup area, with key support levels at $1,170-$1,210. At the beginning of September, Zcash gained strong momentum due to the launch of the first Zcash ETF to list in the United States.