Bitcoin (BTC) price ended the month at 1.98%, which was the first negative close in April since 2015, according to Bybit data.

In the same month, the Ether (ETH) price rose more than 44%, hitting a new all-time high of nearly $ 3,000. This large divergence between the two main cryptocurrencies shows that the markets have matured and that Bitcoin’s underperformance is not affecting altcoins as much as it has in the past.

Ether’s bullish trend has led to strong buys from traders. Data from Bybit suggests that open interest on Ether futures rose to $ 8.5 billion on April 29, up 52% ​​from the previous month. This rise was supported by professional traders who seem to have a more optimistic view of Ether than retail investors, as highlighted by Cointelegraph contributor Marcel Pechman.

Crypto market data daily view. Source: Coin360

The strong performance of the crypto sector continues to attract a wide range of investors. According to the Financial Times, VC firm Andreessen Horowitz plans to capitalize on this growing demand by raising between $ 800 million and $ 1 billion for another fund. The flow of money to various crypto projects shows that investors are optimistic for the long term.

William Stromberg, CEO of T. Rowe Price, said in an interview with the Baltimore Business Journal that the crypto space is still in its infancy and it may be “years before it truly unfolds.”

With Ether leading the way, let’s take a look at the top 5 cryptocurrencies that can remain bullish in the short term.