If you have a look on current crypto industry condition, then you would see that people continueously investing on btc, ether and so others altcoins like ada,bnb etc! Eth gaining price that's only because people still using eth without caring high fees.otherwise eth would drop like others so called altcoins due to lack of investors & transactions but i appiciate your logical point too.so i think people might reduce using eth and start using bnb,polkadot or tron for less fee.but don't think eth wouldn't die easily cause people have to use eth for done their erc20 tokens transactions.
ETH prices and the fee doesn't have a real connection, the only connection is that if you are spending 0.0001 ETH on transaction that could go up or down but as long as its little ETH how high could it get? If the only thing that made the fee's higher, we would have seen 10x higher fee and that's it not more, it would have gone up like eth price did, but the reality is that we are paying more ETH during this period as well and not just regular price.
It means we can have cheaper during this period as well, wait until July and you will see how eip 1559 will help us as well, that will make the fee's go down as well, it will not be simple but it will happen. That way all those excess fee charges by miners will be gone, I can't be mad at those miners neither because there are rich folks who are capable of paying that much that causes all these charges.
