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?
Yeah, the London Hard Fork with Ethereum Improvement Proposal (EIP) 1559 will be taking the whole rewarding system to another level. It's good to know that they are thinking about the miners in some other ways to reward but its possible that many of them will be very very sad.
Specially those who had invested in the ASICS equipment as they won't be able to mine ETC or RVN which is the next preferred coin after ETH changes to the PoW.
There is amazing article about the OP, I think you should read it here:
What Will Happen to Ethereum Miners After ETH 2.0?