- eToro relists Cardano (ADA) & 11 other altcoins on its US platform, now offering 15 crypto tokens.
- Move follows eToro’s 2024 SEC settlement & reflects a softer US crypto regulatory climate.
- ADA price ~$0.75; RSI 52.71 (neutral), key resistance at $0.8034 Fib for bullish reversal.
Online trading platform eToro is back in a bigger way for US crypto traders, reintroducing Cardano (ADA) along with 11 other altcoins.
The strategic expansion follows eToro’s 2024 settlement with the United States Securities and Exchange Commission (SEC) and reflects a broader thawing in regulatory sentiment under the current Donald Trump administration.
eToro US Crypto Relaunch Sees ADA Return; Platform Eyes $4B IPO as Crypto Commissions Surge
eToro’s move to relist ADA has understandably brewed significant optimism within the Cardano community. The platform, with over 40 million users globally, had drastically curtailed its US crypto offerings last year due to regulatory pushback.
However, with the regulatory climate showing signs of softening and eToro itself recently launching its IPO roadshow targeting a $4 billion valuation, ADA’s inclusion now underscores what some see as growing institutional recognition of the token’s staying power and utility.
Related: eToro’s New Crypto-to-Fiat Feature: Easily Cash Out Your Bitcoin and Ethereum
It is important to note that crypto accounted for 37% of eToro’s trading commissions in Q1 2025, a testament to the asset class’s growing relevance.
Cardano (ADA) Price Analysis: $0.7502, RSI Neutral; $0.8034 Resistance Key for Bullish Reversal
According to CoinMarketCap data, ADA is currently trading around $0.7502, down more than 5% in the past seven days. The daily chart below shows that the RSI stands at 52.71, hovering just above the neutral 50 mark.
This indicates neither overbought nor oversold conditions but suggests slight bullish pressure. A move above 60 would strengthen bullish sentiment, while a dip below 45 could signal weakening demand.
Meanwhile, the MACD line (blue) currently sits just below the signal line (orange), forming a mild bearish divergence. While no definitive crossover has occurred, the histogram is beginning to flatten, indicating consolidation. A bullish crossover could trigger a new leg up, especially if supported by volume.
On the other hand, ADA’s recent swing high around $0.81 and swing low near $0.66 define the current Fib levels with 0.786 Fib retracement at $0.8034 being a key resistance. A break above this could open a path to retest early May highs. Also, a price surge to $0.81 would confirm a bullish reversal.
Related: Ark Invest Purchases $9.4M in eToro Shares, Sells $7.9M in Bitcoin ETF Holdings
1.618 Fib extension at $0.5884 is the first major support level if the ADA price action breaks down. Another critical psychological level and potential bottom in a bearish cascade stands at 2.618 extension at $0.4340.
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