ZEC's recent performance is indeed concerning. The price has been continuously declining, with bears clearly gaining the upper hand, and many investors are becoming nervous. Some have pointed out that the project team's subsequent actions are not very obvious, which has raised questions about fundamentals. Those who successfully shorted previously have made money, but those looking to buy the dip now are having a tough time.

From a technical perspective, there are multiple breakdown signals, and each rebound appears weak and unconvincing, suggesting that market sentiment toward ZEC is noticeably declining. The overall atmosphere is bearish, with the market generally believing that prices may continue to explore lower levels.

On the technical side, the current price is around 374.01 USDT. From a short-term perspective, the support level is approximately 380.85 (about 2.72% away from current), with resistance above at 438.66 (about 12.05% away). The suggested trading approach is: when prices approach the support level, you can consider placing buy orders to test the waters, but once the support breaks, you must decisively cut losses and not gamble. At present, caution is indeed required, with risk management taking priority.