Bitcoin’s 

BTC

$22,892

 price closed the month down 1.98%, which, according to data from Bybit, was its first negative close in April since 2015.

In the same month, Ether’s 

ETH

$1,628

 price soared over 44% to hit a new all-time high close to $3,000. This wide divergence between the top two cryptocurrencies shows that the markets have matured and Bitcoin’s underperformance is not affecting altcoins as much as it did in the past.

Ether’s bullish trend has attracted strong buying from traders. Data from Bybit suggests that Ether futures open interest climbed to $8.5 billion on Thursday, rising 52% over the previous month. This increase has been supported by professional traders who seem to have taken a more bullish view on Ether than retail investors, as highlighted by Cointelegraph contributor Marcel Pechman.

The strong performance from the crypto sector continues to attract a wide array of investors. According to the Financial Times, venture capital firm Andreessen Horowitz plans to tap into this growing demand by raising between $800 million to $1 billion for another fund. The flow of money into various crypto projects shows that investors are bullish for the long term.

T. Rowe Price CEO William Stromberg said in an interview with the Baltimore Business Journal that the crypto space is still in its infancy and it could “take years to really unfold.”

With Ether leading the altcoin charge, let’s look at the top five cryptocurrencies that may remain bullish in the short term.