We all have suffered with the incredibly and ridiculously HIGH gas fees in using the Ethereum network and this has affected many projects with many who shifted to Binance Smart Chain for the very reason. Now, if this can somehow be given the right solution am sure that it can be a great boost to the price of Ethereum and many other tokens/coins using the network. We need this and it must be implemented as soon as possible.
I was about to say this, if the new iterations will solved the high gas fees, then we will somewhat get elated and could push the price to a bull run. But if the new release is now as it what projected, then Ethereum will suffer a downtrend here.
So let's see how it goes, maybe some projects who shift to BSC will go back to Ethereum because after all Ethereum was used to be the number one smart contracts and Dapps.