As developers keep improving the ethereum blockchain, even though previous ethereum hard forks failed to solve the problem of high fees in the ethereum blockchain.
But with the new London fork proposal 1559 which will offer a new fee system that burned all transactions fees instead of miners determining the fees, this will remove more ethereum from circulation causing demand to rise because of scarcity which will ultimately lead to an increase in price and fewer transactions on the ethereum network.
What are your expectations from this and how it will affect the overall ethereum ecosystem?
I like this, if ethereum can offer a low cost system on the blockchain, then the opportunity for ethereum to defend itself is very open, this is evidenced by ethereum's current position in the marketcap.
People tend to use something for reasons of low cost, without thinking about other advantages or benefits, ethereum itself is not so easy to lose for now, considering almost everyone prefers to use their services.
However, I hope that, in the future, Ethereuem can improve gas costs that are less/smaller and improve the current shortcomings, so that people's satisfaction in using its services is much more acceptable and satisfied.