Hoskinson criticizes Ethereum’s EUTXO update while ADA maintains 20-day EMA at Bitget
July 10, 2026
Cardano’s current price sits at $0.1667 on July 10, creeping up by 0.24% while managing to hold onto crucial support levels amidst a tumultuous week filled with US-Iran tensions, retirement rumors, and a heated exchange with the Ethereum Foundation. The 20-day EMA at $0.1682 is acting as a key point on the daily price chart, serving as a pivotal level during the recovery phase from the June low of around $0.14. Although the price briefly dipped to $0.1656 intraday before bouncing back, the RSI divergence tool demonstrates a bullish signal with a reading of 47.44, mirroring a similar pattern seen at the June 23 bottom that led to a 35% surge.
Looking ahead, the 50-day EMA presents a significant resistance level at $0.1835, followed by a horizontal zone ranging from $0.20 to $0.2141 on the 100-day EMA. Should bears manage to push $ADA below $0.1682, the next target would likely be the 16-cent range in line with the broader channel structure. Key support levels for ADA today include the intraday low of $0.1656 and $0.1500, while resistance levels stand at $0.1835 on the 50-day EMA, and $0.2141 on the 100-day EMA.
Addressing rumors surrounding his retirement from Cardano, Charles Hoskinson directly refuted the claims, labeling them as completely false and fabricated. He recounted instances where the rumor had circulated widely enough to reach a London taxi driver and the CEO of a partner firm. In an effort to dispel the misinformation, Hoskinson urged supporters to share a video reaffirming his continued involvement in the project.
Hoskinson’s recent accusation aimed at the Ethereum Foundation revolves around what he perceives as Ethereum copying Cardano’s innovations. Specifically, he criticized the Foundation after Vitalik Buterin endorsed his Lean Ethereum roadmap, which incorporates UTXO-style mechanics for simplified payments. Hoskinson went as far as to claim that mentioning Cardano within Ethereum’s inner circles is deemed a crime, highlighting EUTXO as a groundbreaking innovation in the smart contract realm. The EUTXO model utilized by Cardano tracks funds as individual unspent outputs, offering heightened predictability and security for smart contracts. He argues that Ethereum’s potential move towards similar mechanisms serves as validation for what Cardano has been advocating for years, even though Ethereum has refrained from acknowledging it publicly.
Looking at the broader picture for ADA this week, geopolitical tensions between the US and Iran resulted in fresh strikes from both sides, with Iran targeting US military sites in Bahrain and Kuwait. Amidst these developments, both oil prices and stock futures experienced fluctuations. The crypto market volume has seen a decreased activity, hovering around $64 billion over 24 hours, indicating a relatively quiet trading period. In terms of price predictions for ADA moving forward, the upside scenario involves the coin maintaining support at the 20-day EMA, easing tensions between the US and Iran further, and potentially retesting levels at $0.1835 and $0.2141. Conversely, a downside scenario includes a breach of the 20-day EMA due to renewed geopolitical selling pressure, leading ADA towards the $0.16 mark and potentially to the lower end of its current trading range.
