Zcash (ZEC) stole the spotlight this week, surging 30% as markets reacted to emerging reports of a US-Iran ceasefire. This geopolitical optimism has temporarily lifted the privacy coin out of its slump, enticing investors with promises of a sustained bullish trend.

However, beneath the surface, technical patterns are flashing warning signs. This rebound strongly resembles the short-lived bounces seen during the 2021 bear market. Consequently, experts warn that this rally could be a deceptive bull trap, positioning ZEC for a possible 40% pullback in the coming weeks.