How could MegaETH’s MEGA buybacks affect ETHUSD today?

MEGA buybacks may not buy ETH directly, but they can signal network strength and attract users to a high-throughput L2. If usage and fees grow, more bridging and settlement can touch ETH. That flow can support liquidity and sentiment for ETHUSD today, provided activity persists beyond incentives.

Why is Transak’s instant on-ramp important for UK investors?

Shorter steps from fiat to ETH reduce drop-off for first-time buyers and returning users. On MegaETH’s fast L2, fewer failures and quicker confirmations can improve the user experience. If on-ramp volumes rise and users keep transacting, it can lift on-chain metrics that investors watch when assessing ETH exposure.

What are the key technical signals for ETHUSD today?

ETHUSD today sits below its 50-day and 200-day averages, a cautious trend read. RSI near 49 is neutral, while a positive MACD histogram shows improving momentum. ATR indicates notable daily swings. We view this as a mixed setup where catalysts and liquidity conditions can drive sharp moves.

Which metrics best confirm rising Ethereum L2 adoption?

Look for consistent gains in daily transactions, successful transaction rate, bridge volumes, unique active wallets, and dApp retention. Pair these with stable fees, low latency, and developer activity like contract deployments. Sustained improvements across several metrics carry more weight than one-off spikes from promotions or airdrops.

Global Market Insights

ETHUSD Today, February 16: MegaETH Buybacks and Transak On-Ramp Spur L2 Use

ByHuzaifa Zahoor February 16, 2026February 16, 2026

ETHUSD today sits at the center of fresh Ethereum scaling news. MegaETH’s foundation will funnel USDM stablecoin revenue into MEGA token buybacks, while Transak introduces instant fiat rails to purchase ETH directly on MegaETH’s 100K TPS network. Together, these moves can lower onboarding friction and lift on-chain activity. For UK investors, smoother funding and faster finality could support sentiment and liquidity, even if price remains volatile in the short term.