Yesterday (26. January 2024) and today (27. January 2024) an earthquake activity took place in Brennisteinsfjöll volcano, in the Bláfjöll area. The first earthquake had a magnitude of Mw2,4 at 22:54 UTC on 26. January 2024 and the second earthquake had a magnitude of Mw3,1 on 27. January 2024 at 05:28 UTC. Smaller earthquakes started later today. That earthquake activity seems to have ended at the writing of this article.
This earthquake activity, at least in the case of the Mw2,4 and Mw3,1 earthquake did show a sign that they where created by magma movement, among those signs was a strong vertical movement and low period signal that only happens when magma creates earthquake. At this point in time, I don’t think an eruption is going to happen any time soon. It is possible that magma has started to collect in Brennisteinsfjöll volcano. It is going to be several years until something more happens, it might even take decades before anything serious happens.