Main Question
Assuming I hold 0.001 ETH mainly for a gas fee only and the value was 0.56$ then price surge up, is the increment going to be on the Sats? E.g ( 0.002 ETH ) or the increment is going to be on the value? E.g 0.001 ETH = 1.06$?
Firstly, there is no connection between transaction fee and value of a crypto but logically whenever the market rises more people move their cryptocurrencies from one to another which results in clogging of the network so high fee will become the result where as simply if the price of ethereum increase and there is no increase in the network traffic the value of fee remains same in terms of ethereum and in terms of fiat you can calculate it on your own.