Zcash holds above $1,600 as shielded activity and fund inflows surge

Key takeawaysZcash remains above $1,600 after gaining 10% during the previous session.
Weekly shielded transactions reached 62,379, their highest level since 2022.
The newer Ironwood pool accounted for 55,549 of the shielded transactions recorded last week.
A confirmed breakout above $1,700 could put the $2,000 psychological level in focus, while $1,595 is the nearest support.Zcash (ZEC) continued its rally on Wednesday, trading around $1,619 after gaining 7.5% during the previous session.