Celo Emerges as the Top L2 Network by Daily Active Users Globally
- Leading User Engagement: After migrating from a standalone L1 blockchain to Ethereum L2 in 2025, Celo achieved 840,000 daily active users, making it the top L2 network globally by this metric, surpassing Base, World, Arbitrum, and Optimism, showcasing its strong appeal in emerging markets.
- Significant Stablecoin Volume: Since the L2 migration, Celo has processed over $65 billion in stablecoin transactions, establishing itself as the leading transport network for USDT, driven by robust demand in markets like Africa, Latin America, and Southeast Asia, further solidifying its market position.
- Successful Technical Migration: Celo's migration was described as a “hard fork,” successfully transferring all historical data, accounts, and balances to L2 while reducing security costs by 99.8%, laying a foundation for future scalability and security, and enhancing interoperability with the Optimism Superchain ecosystem.
- Token Price Discrepancy: Despite having 840,000 daily active users and significant transaction volume, the CELO token price was approximately $0.086 in April 2026, down 99.2% from its August 2021 all-time high, reflecting a market undervaluation, with future buyback and burn mechanisms potentially altering this dynamic.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1763.163 | 1890.101 | 2019.993 | 2146.931 | 2276.823 | 2403.761 | 2533.653 |
| Fibonacci | 1890.101 | 1988.21 | 2048.822 | 2146.931 | 2245.04 | 2305.652 | 2403.761 |
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