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?
Ethereum will be very influential if it is able to lower gas prices, it is possible that this scarcity will occur, considering the current amount of ethereum is quite large, let alone being able to remove more ethereum from the market circulation.
This is almost impossible for ethereum, considering that for now ethereum itself has a good bargaining value in the market, the level of stability is quite good and to maintain bargaining value is very possible.