In a note to investors on April 27, analysts at U.S. banking giant JPMorgan appear to have turned extremely bullish on Ethereum, noting that it has beaten its big brother in terms of gains this year.
In April so far, Ethereum has made 45% to current levels, whereas Bitcoin, which has seen market dominance slump to 50%, has actually declined 9% over the same period.
JPMorgan pointed out that there is an inherent difference between the two assets, with BTC being the store of value and ETH being a technology and the backbone of the entire crypto-native economy, functioning as much more than a medium of exchange.
