A toddler who had to be revived by paramedics after being bitten by a taipan in central Queensland is on life support in hospital, but may be moved from intensive care as early as Tuesday.

Eli, aged two, was bitten multiple times by a Coastal Taipan while in the backyard of his Agnes Water home last Sunday afternoon.

He was airlifted to a children’s hospital in Brisbane, where he is still being treated.

Family friend Blake Hyland, who lives around the corner, told 9news.com.au Eli suffered cardiac arrest after the bites but was revived by paramedics and placed on life-support.

“They’re hoping they can bring him off ventilators and get him stable enough to breathe on his own, but there is no guarantee of anything at the moment, it’s still very fresh,” Mr Hyland said.

“He definitely isn’t out of the woods. Doctors are worried about other complications.

“He basically died on them.”

Eli, two, is recovering in a Brisbane children's hospital. (Photo: Facebook)

He said since suffering the bite, Eli has also been suffering seizures.

Mr Hyland said Eli’s mother is being credited with saving her son, after she quickly bandaged the wound and called paramedics.

Max Jackson from Sunshine Coast Snake Catchers told 9news.com.au coastal taipans are considered to be the third most venomous snake in the world and untreated bites have a mortality rate of 100 percent.

“Generally coastal taipans have good eyesight and see people coming so they get out of the way, but they’ll bite if they get caught off guard,” he said.

Mr Jackson said the snake was likely searching for rats or mice when it became frightened by the toddler.

“Being a two-year-old it’s amazing that he is still alive,” Mr Jackson said.

A coastal taipan. (Photo: Australian Museum)

Eli’s parents are currently “hunkered down” by his side in the Brisbane hospital, Mr Hyland said.

Mr Hyland launched a campaign to help Eli’s parents pay for medical bills, with more than $13,000 raised.

“They are almost 500km from home shacked up in a hotel with Eli still on semi-life support. I just thought something had to be done. The community is in shock.”