What is driving Ethereum price today?

Two near-term themes matter. MegaETH’s planned buybacks funded by USDM revenue may keep activity incentives strong, while Transak’s instant on-ramp can boost fiat-to-ETH conversions. Together they could lift L2 usage, bridge volumes, and fees. If these metrics rise, demand support improves, but soft data could cap upside.

How could MegaETH buybacks affect ETH demand?

Buybacks can support the MEGA token and keep rewards flowing, which may raise onchain activity on Ethereum Layer 2. More usage often needs ETH for gas and bridging, adding indirect demand. The effect depends on revenue scale and sustained user growth. If TVL and daily fees rise, the impact becomes more meaningful.

Does Transak’s on-ramp change costs for UK buyers?

It can reduce friction and speed up funding, but total cost still depends on payment method, spreads, and platform fees. Check card or bank charges, identity requirements, and transfer limits. Compare GBP quotes to USD pricing to account for FX swings, then plan entries during liquid sessions to limit slippage.

What technical signals matter for Ethereum price today?

RSI near 49 is neutral, ADX near 24 shows a weak trend, and a positive MACD histogram hints at improving momentum. The day’s range is wide, and ATR near 149 flags volatility. With price below the 50 and 200-day averages, rallies may meet resistance, so risk controls are important.

Global Market Insights

ETHUSD Today: MegaETH Buybacks, Transak On-Ramp in Focus – February 17

ByDanny Kontos February 17, 2026February 17, 2026

Ethereum price today is steady as attention shifts to MegaETH buybacks and Transak’s instant fiat on-ramp. The first mention of ETHUSD shows a recent quote near $1,977, with a day range of $1,960 to $2,007. For UK investors, higher L2 activity can lift ETH bridging and fees, which may support demand. We track TVL, daily fees, wallet growth, and bridge flows. Technicals look neutral, so catalysts could decide the next move. Position sizing and clear risk limits remain key.