ADA bulls eye $0.20 as Cardano founder says Ethereum is adopting its eUTXO concept

• Cardano (ADA) remains above 10% higher despite a 24-hour pullback.
• Hoskinson says Ethereum is adopting eUTXO-inspired ideas.
• Focus is on the $0.20 resistance level.

Cardano is drawing renewed attention after a week of strong gains, even as the token pulled back to around $0.17.

The latest price movement comes alongside fresh debate over blockchain architecture after Cardano founder Charles Hoskinson claimed that Ethereum is beginning to adopt ideas that Cardano has championed for years through its Extended Unspent Transaction Output (eUTXO) model.

At the time of writing, ADA was trading at $0.1674, down 6.6% over the past 24 hours.

Despite the daily decline, the cryptocurrency remained 10.2% higher over the previous seven days and 12.8% higher over the last two weeks, showing that bulls have retained much of the momentum built during the recent rally.

The recent retreat has placed the spotlight on whether the token can defend the $0.17 area before attempting another move toward the next major resistance level at $0.20.

Hoskinson reign...