After Ethereum's new high, it has appropriately retraced before another surge. At this point, there are probably quite a few stubborn brothers stuck at high positions.
After breaking 4000, it has appreciated slightly with a retracement before surging again to the current 4050. It is still above the 4-hour MA7 and remains in a strong phase. If it can smoothly digest the selling pressure and stabilize, then the next target will be around 4120.
Overall, Ethereum's performance is stronger than Bitcoin's, with shallow retracements and stable upward movement. Therefore, it's advised not to easily short. Another important factor is that tomorrow is the weekend, which is a low liquidity phase. Compared to Bitcoin, if the market sentiment remains optimistic, Ethereum is likely to continue rising over the weekend.
However, it's really not advisable to short easily, especially when Bitcoin has not shown any obvious retracement. If you are considering shorting, it would be better to wait until the sentiment stabilizes before making a decision.