It was a good decision to create binance smart chain, very smart move indeed.
Now many new projects created in bsc network and it opens more opportunities to small traders and investors who wants much lower transaction fee. I just hope that bsc gas fee won't be high in the future like current eth gas fee.
I am sure that later ETH transaction fees will decrease. the adjustment by comparison with the cost of the BSC is very far away. That's what makes currently many new projects released on the BSC network.
But despite all that, Ethereum is still strong enough to trade in the market. It looks like the big traders are currently playing in the market because if the traders are small, they will already think about how they pay the Gas fee.
you're looking at 2024 at the earliest before ETH fees will decrease (Phase 2 ETH2 is when PoS is live)
it's more likely ETH fees will decrease because people stop using it than the ETH devs actually show some competence to reduce them