What is moving ETHUSD today?

ETHUSD today ticks higher near $1,996, supported by talk of MegaETH buybacks and easier funding via Transak’s on-ramp. Momentum signals are mixed, with RSI near 49 and a positive MACD histogram. Price remains below the 50-day and 200-day averages, so traders want confirmation above $2,022.48 for follow-through.

How could MegaETH buybacks affect Ethereum Layer 2?

Buybacks can create steady token demand and signal confidence, which may tighten spreads and deepen liquidity. If paired with active dApp incentives, they can lift usage and retention on an Ethereum Layer 2. Sustained impact depends on execution, user growth, and how quickly developers ship real, sticky applications.

Why does the Transak on-ramp matter for Indian investors?

An instant on-ramp reduces funding wait times and drop-offs during onboarding. For India, this can make small trial deposits and quick top-ups easier during volatile moves. It also simplifies testing multiple dApps. Always review KYC, limits, and fees, since these can affect effective entry prices and net returns.

What levels should traders watch right now?

Key levels are $2,000 as a pivot, $2,022.48 as today’s high for momentum confirmation, and $1,936.44 as intraday support. Over time, the 50-day average at $2,762 and the 200-day at $3,545 are bigger resistance zones. Use ATR near $149 to size positions and set stops.

Global Market Insights

ETHUSD Today, February 17: MegaETH Buybacks, Transak On-Ramp Lift L2

ByDanny Kontos February 17, 2026

ETHUSD today is in focus as MegaETH buybacks and Transak’s on-ramp target faster, cheaper Ethereum Layer 2 activity. We see these catalysts shaping near-term sentiment and on-chain usage. As of press time, ETHUSD trades around $1,996 after a modest gain. Indian investors care because easier fiat-to-crypto funding plus high-throughput L2s can reduce costs and wait times. We break down price levels, indicators, and what these upgrades could mean for volumes, dApp stickiness, and portfolio decisions in India.