Currently there is a small earthquake swarm in Krísuvík volcano. This earthquake swarm is small and is only about 20 or so earthquakes at current time. It is impossible to know if this earthquake swarm is going to continue or grow at present time. But it is not uncommon in this area for a small earthquake swam to be a warm up for a larger one. But as always there is just a wait and see what happens in the area.
The largest earthquakes in this earthquake swarm have reached up to ML2.0 in size so far.