There has not been major change in Holuhraun eruption since last week. The eruption continues at low phase at the moment far as I know. Bad weather has prevented scientists monitoring the eruption in the past few days. There continues to be considerable activity in Bárðarbunga volcano, the volcano continues to deflate.
Earthquake activity in Bárðarbunga volcano for the past 48 hours. Green star is a magnitude 4,1 earthquake that took place at 14:18 UTC on 18-February-2015. Copyright of this image belongs to Icelandic Met Office.
New vents might open up along the dyke once current vent closes up in Holuhraun. There seems to be several weak points forming along the dyke, based on current earthquake activity (cluster of earthquake activity). There is also a risk this might happen before the eruption in Holuhraun ends. If the pressure inside the dyke is enough to start an eruption in new location before that.
The long term view of Bárðarbunga volcano
When the eruption in Holuhraun ends it is not going to mean the end of activity in Bárðarbunga volcano. Current activity is just a start of activity that is going to last for several years. According to Ármann Höskuldsson volcanologist in a interview at Rúv News yesterday. While it is not known for how long the rift episode that has now started in Bárðarbunga volcano is going to last. It is clear that this is at minimum of 5 years, common time for rift zone activity is up to ten years. There is a chance it is going to last longer than that. When it comes to Bárðarbunga volcano how long such activity is not known. There are also going to be breaks, with no activity at all between eruptions. Activity in Bárðarbunga volcano won’t be declared over until it is once again stable. Eruption activity in Bárðarbunga volcano might not end until the year 2026 at the longest.
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