Yes, the London hardfork which is will take place tomorrow will be necessary for the ETH v2.0 and at the same time hopefully after the successful upgrade we can already enjoy lower gas fees. Something everyone is looking forward to.
On the other hand, ETH should also show a nice positive sentiment, and hopefully this event will act as an instigator to new ATH???
It seems there is a little spike on the price of ethereum today but I don't believe this hardfork is enough to bring a new all timehigh for the ethereum and people are expecting the complete roll over of eth 2.0 might do that job. If this hardfork actually reduces the fee then the new tokens may start emerging on it or else BSC is going to the place for upcoming projects.
Yes, we can already see a good rise in the price of ethereum today, and it is possible that this is due to the expectation of tomorrow's hard fork. Moreover, the price of ethereum has risen much higher than the price of bitcoin. So, now the price of bitcoin is $ 39,285, although the increase over the last day is about two percent, but over the week its price has dropped by 1.2 percent. The price of ethereum is now, according to CoinMarketCap, $ 2,663, an increase of 6 percent over the last 24 hours, and an increase of 15 percent over the week.
Of course, in the early days of the London hard fork, the positive results will not yet be seen. This effect will manifest itself over time.