- Cardano (ADA) is still 10% higher despite the 24-hour pullback.
- Hoskinson says Ethereum is embracing ideas inspired by eUTXO.
- The focus is on the $0.20 resistance level.
Cardano is attracting renewed interest after a week of strong gains, even as the token retreats to around $0.17.
The recent price action comes alongside a new debate about blockchain architecture after Cardano founder Charles Hoskinson claimed as much Ethereum It began to embrace the ideas that Cardano has championed for years with its extensible unspent transaction output (eUTXO) model.
At the time of writing, ADA is trading at $0.1674, down 6.6% over the past 24 hours.
Despite the daily decline, the cryptocurrency has remained up 10.2% over the past seven days and 12.8% over the past two weeks, showing that the bulls have maintained much of the momentum built during the recent rally.
The recent pullback has highlighted whether the token can defend the $0.17 area before attempting to move back towards the next major resistance level at $0.20.
Hoskinson reignites the Cardano-Ethereum debate
The recent discussion began after Ethereum researcher Tony Wahrstätter introduced EIP-8141, also known as Frame Transactions, as part of Ethereum’s broader efforts to improve scalability and reduce long-term state growth.
The proposal explores introducing UTXO-inspired transaction mechanisms for simple transfers.
According to the proposal, this approach could reduce Ethereum’s persistent state footprint for payment-related transactions by approximately 99.8%, while remaining compatible with the network’s broader roadmap.
Hoskinson responded by saying that Cardano has already implemented similar concepts through its eUTXO accounting model.
He noted that Ethereum is now realizing the benefits of the architecture that Cardano adopted years ago.
The Cardano founder also made headlines with his comment that “mentioning Cardano is literally a crime in Ethereum’s inner circles,” suggesting that Ethereum developers have been reluctant to acknowledge Cardano’s previous work despite exploring similar ideas.
It’s not like I’ve literally been working on this topic for over 10 years of my life and launched a cryptocurrency that ranked third on Coinmarketcap with millions of users posting it. It is literally a crime in Ethereum’s inner circles to mention Cardano. Yutxu is… https://t.co/3F3l6cg0JE
– Charles Hoskinson (IOHK_Charles) July 7, 2026
ADA price holds major support as traders keep an eye on $0.20
Technically, ADA’s recent pullback did not erase the gains recorded over the past week.
Instead, the focus now is on whether the cryptocurrency can continue to hold support around $0.144.
The current price is near the lower end of the recent 24-hour trading range after a daily decline of 6.6%.
However, the weekly performance remains positive, with ADA still posting double-digit gains over the past seven days.
The next major level attracting attention is $0.193, and a move above this level will put focus on $0.23, which is another resistance area identified by traders after the recent rebound.
Cardano continues to prepare for the next network phase
The latest market discussion also comes as the Cardano network continues to improve infrastructure ahead of the next major protocol upgrade.
The developers recently released Cardano Node 9.0.1, a recommended update for major network auditors designed to address issues with the network boot process and script execution.
Instead of introducing new user-facing features, the release focuses on improving stability before the ecosystem moves toward the next hard fork.
