This review summarizes the recent advances in preparing cellulose hydrogels via ionic liquid-based processes and the applications of regenerated cellulose hydrogels/iongels in electrochemical materials, separation membranes, and 3D printing bioinks. Cellulose is the most abundant natural polymer, which has attracted great attention due to the demand for eco-friendly and sustainable materials. The sustainability of cellulose products also depends on the selection of the dissolution solvent. The current state of knowledge in cellulose preparation, performed by directly dissolving in ionic liquids and then regenerating in antisolvents, as described in this review, provides innovative ideas from the new findings presented in recent research papers and with the perspective of the current challenges.