Fidelity Digital Assets remains optimistic about Ethereum for the long term, despite its already impressive 50% increase in value this year. The platform is particularly positive about Ethereum's burn rate, which now exceeds issuance, resulting in a decline in net supply. Fidelity also cites an increase in active Ethereum validators and the upcoming EIP-1153 update as reasons for further upside potential. A recent survey suggests that 46% of Americans believe Ethereum could eventually surpass Bitcoin in market capitalization, and Coinshares confirms that Ethereum remains the largest holding in investors' portfolios.