This morning on 23-October-2022 an earthquake swarm took place in west part of Fagradalsfjall volcano. Largest earthquake in this swarm so far had a magnitude of Mw3,0.
This earthquake activity is the result of magma pushing up into the crust at around 5 km depth. This is not a large dyke intrusion and possibly won’t result in a eruption, unless there’s a sharp increase in earthquake activity and that has happened (the August 2022 eruption started this way). This is currently a situation that requires monitoring for changes. If anything is going to happen is impossible to know.