Today marks the first ever block mined in Ethereum where burne | Crypto Trading Signals

Today marks the first ever block mined in Ethereum where burned eth is higher than the reward. Eth deflation working well
What does it mean?
1. Daily burned fees (eth) - eth taken out of circulation
2. Daily Block reward (eth) - eth awarded to miners for securing a block
Eth deflation - more Eth taken out of circulation than brought in.
Decreasing supply but constant to increasing demand = price increase