Leveraged shorts outweigh longs $4.22B to $1.1B, pressuring ETH price

Staked ETH keeps rising. Hedge funds cut longs. Price meets resistance.

Entry to Ethereum staking is congested. Nearly 3 million ETH wait in the queue, stretching entry to ~50 days (Sjuul on X).

Exit queue is near empty. Few validators are leaving (Bitcoinist).

Over 38 million ETH is staked. The share keeps growing despite price weakness (NewsBTC).

Hedge funds reduced long ETH positions about two weeks ago. The cut was notable on Coinbase Derivatives (CW on X).

Dealers and asset managers stayed neutral to slightly long. US hedge funds were the main sellers in the period (CW on X).

Leverage skews short. Estimated $1.1B in high‑leverage longs versus ~$4.22B in shorts, with activity down day over day (CW on X).

A $100 ETH uptick could trigger short liquidations. That risk grows if price rebounds (NewsBTC).

Spot price faces sellers. ETH rallies met resistance near $2,200 (NewsBTC).