Iceland has been having humorous earthquakes and this morning the volcano erupted again. Here is a YouTube live camera of it.
https://www.youtube.com/watch?v=ihTaTv-24aU
We were there last summer and the day we hiked it, there was no red lava. Sitting at the top of one of the trails looking over, we could just see a sea of black lava with steam coming out all over.
Our next trip to Iceland is not until next July, so I highly doubt we will see anything of this then.