Ethereum's London Hard Fork is live, introducing EIP-1559 and burning a portion of transaction fees. This change aims to reduce gas fees and make the network more efficient. With this update, ETH's supply is expected to decrease, potentially driving up its price. Will this be a turning point for Ethereum's price action?

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This is a significant update, and the reduced supply could indeed boost ETH's price. However, it's crucial to monitor the market's response and the actual impact on gas fees to gauge the true effectiveness of EIP-1559.