What is driving ETHUSD today?

Two catalysts stand out: MegaETH’s plan for recurring MEGA buybacks funded by USDM revenue, and Transak’s instant on-ramp to MegaETH. If these improve onboarding, we could see higher TVL, bridge inflows, and active wallets. Those signals often support ETH demand by lifting transaction activity and base fees.

How could MegaETH buybacks impact price action?

Buybacks typically create steady demand for the MEGA token, signaling confidence and improving liquidity depth. If accompanied by growth in users and capital on MegaETH, that activity can spill into Ethereum usage. Sustained adoption can support ETHUSD today through higher network activity and fee generation, improving broader market sentiment.

Which metrics should Indian investors track now?

Focus on TVL across MegaETH and major L2s, bridge inflows from mainnet and exchanges, daily active wallets, and transaction counts. Also watch base-layer gas fees and L2 costs for affordability. If these trend higher with stability, ETHUSD today has stronger odds of follow-through than single-day spikes.

Is ETH a buy for Indian portfolios right now?

ETHUSD today shows mixed momentum and high volatility, so a staged approach makes sense. Consider small allocations, strict stops, and adding only after several days of improving adoption and price closes above resistance. Review costs, taxes, and withdrawal times, and avoid overexposure to one catalyst or chain.

Global Market Insights

ETHUSD Today: February 19 — L2 On-Ramps, MEGA Buybacks Eye Demand

ByHuzaifa Zahoor February 19, 2026February 19, 2026

ETHUSD today sits in a watch zone as Layer 2 catalysts gain steam. As ETHUSD trades near the recent $1,960–$2,022 band, traders in India are tracking MegaETH’s planned buybacks funded by USDM revenue and Transak’s instant on-ramp to MegaETH. These could lift Ethereum Layer 2 activity, bridge flows, and gas fees. We outline the data to watch, key technical levels, and practical steps for Indian portfolios seeking clear, risk-aware exposure.