$1,800 Liquidity Zone Looms as Funding Flips Positive

[madtrader]

ETH daily chart analysis by IncomeShark. Source: X

While ETH pushes higher, derivatives data shows risk building beneath the surface. Over $220 million in short liquidations were wiped out in recent days, clearing overhead leverage. However, roughly $2.66 billion in long liquidation exposure now sits near $1,800, forming a significant liquidity pocket below current price levels.

On Binance, funding rates recently flipped sharply negative during ETH’s drop under $1,800 — but have since rebounded to +0.23%, signaling that late short positions were squeezed. With funding now elevated, positioning appears increasingly long-heavy, raising the risk of a potential long squeeze if momentum stalls.

Technical analyst IncomeSharks also flagged repeated SuperTrend rejections and resistance near $2,250. If ETH loses traction, traders may watch for renewed demand between $1,691 and $1,384 — with the April low around $1,500 acting as a deeper support zone before any sustainable move toward $2,500 can materialize.

[AIcash]

$2.66b in long liquidations sitting below price like a trapdoor with my name on it