diff --git a/newsfragments/2082.feature.rst b/newsfragments/2082.feature.rst
new file mode 100644
index 0000000000..c1e028f246
--- /dev/null
+++ b/newsfragments/2082.feature.rst
@@ -0,0 +1 @@
+eth_signTransaction support for eip-1559 params 'maxFeePerGas' and 'maxPriorityFeePerGas'
\ No newline at end of file
diff --git a/setup.py b/setup.py
index 0bfb6ea8d7..6e70ccc2f4 100644
--- a/setup.py
+++ b/setup.py
@@ -74,7 +74,7 @@
     install_requires=[
         "aiohttp>=3.7.4.post0,<4",
         "eth-abi>=2.0.0b6,<3.0.0",
-        "eth-account>=0.5.3,<0.6.0",
+        "eth-account>=0.5.5,<0.6.0",
         "eth-hash[pycryptodome]>=0.2.0,<1.0.0",
         "eth-typing>=2.0.0,<3.0.0",
         "eth-utils>=1.9.5,<2.0.0",
diff --git a/tests/core/eth-module/test_accounts.py b/tests/core/eth-module/test_accounts.py
index ba72483805..3f49984017 100644
--- a/tests/core/eth-module/test_accounts.py
+++ b/tests/core/eth-module/test_accounts.py
@@ -290,8 +290,54 @@ def test_eth_account_sign(acct,
             232940010090391255679819602567388136081614408698362277324138554019997613600,
             38,
         ),
+        (
+            {
+                "gas": 100000,
+                "maxFeePerGas": 2000000000,
+                "maxPriorityFeePerGas": 2000000000,
+                "data": "0x5544",
+                "nonce": "0x2",
+                "to": "0x96216849c49358B10257cb55b28eA603c874b05E",
+                "value": "0x5af3107a4000",
+                "type": "0x2",
+                "accessList": (
+                    (
+                        "0x0000000000000000000000000000000000000001",
+                        (
+                            "0x0100000000000000000000000000000000000000000000000000000000000000",
+                        ),
+                    ),
+                ),
+                "chainId": 1,
+            },
+            '0x4c0883a69102937d6231471b5dbb6204fe5129617082792ae468d01a3f362318',
+            HexBytes('0x02f8ac010284773594008477359400830186a09496216849c49358b10257cb55b28ea603c874b05e865af3107a4000825544f838f7940000000000000000000000000000000000000001e1a0010000000000000000000000000000000000000000000000000000000000000001a0c5217aec4d576a1b5097c5054ed0157f762dd018f5c2195f0d0190ddca9445c5a0230a35968164ab4318a7042ca0ad4b4178a0d24c2cc000e13dfa24c206317935'),  # noqa: 501
+            HexBytes('0xd42048e2a34957ab81f093d757be86453197bec95780d509fb3545d295227a34'),
+            89164785507787893778245375805371571349289793451450966346444410690555998389701,
+            15848988021237185855591648888808312289463551127752258139478457465342262343989,
+            1,
+        ),
+        (
+            {
+                "gas": '0x186a0',
+                "maxFeePerGas": '0x77359400',
+                "maxPriorityFeePerGas": '0x77359400',
+                "data": "0x5544",
+                "nonce": "0x2",
+                "to": "0x96216849c49358B10257cb55b28eA603c874b05E",
+                "value": "0x5af3107a4000",
+                "type": "0x2",
+                "chainId": 1,
+            },
+            '0x4c0883a69102937d6231471b5dbb6204fe5129617082792ae468d01a3f362318',
+            HexBytes('0x02f873010284773594008477359400830186a09496216849c49358b10257cb55b28ea603c874b05e865af3107a4000825544c080a07cfcd6472c4a29c566df07851c4708cb02523f71075221cc8e668908db58fde0a03b9185c7a719a99f2822dda5ed94c9f90641bd75578f093f15ceb71fc6ba85fc'),  # noqa: 501
+            HexBytes('0x20a46a15e0b39815b44f01f3261a8741b095ed2bb4235339fa0e461251f9dc95'),
+            56533517577187861348991333001994723803575055479068550930552639362970253065696,
+            26943574205696802233481851589848298424411617815775925360566652975894417278460,
+            0,
+        )
     ),
-    ids=['web3js_example', '31byte_r_and_s'],
+    ids=['web3js_example', '31byte_r_and_s', 'eip_1559_example', 'eip_1559_hex_fees'],
 )
 def test_eth_account_sign_transaction(acct, txn, private_key, expected_raw_tx, tx_hash, r, s, v):
     signed = acct.sign_transaction(txn, private_key)
@@ -304,6 +350,9 @@ def test_eth_account_sign_transaction(acct, txn, private_key, expected_raw_tx, t
     account = acct.from_key(private_key)
     assert account.sign_transaction(txn) == signed
 
+    expected_sender = acct.from_key(private_key).address
+    assert acct.recover_transaction(signed.rawTransaction) == expected_sender
+
 
 @pytest.mark.parametrize(
     'transaction_info',
diff --git a/tests/integration/test_ethereum_tester.py b/tests/integration/test_ethereum_tester.py
index 80d80eb37a..7dac70280f 100644
--- a/tests/integration/test_ethereum_tester.py
+++ b/tests/integration/test_ethereum_tester.py
@@ -254,7 +254,15 @@ class TestEthereumTesterEthModule(EthModuleTest):
         EthModuleTest.test_eth_signTransaction_deprecated,
         ValueError
     )
+    test_eth_sign_transaction_legacy = not_implemented(
+        EthModuleTest.test_eth_sign_transaction_legacy,
+        ValueError
+    )
     test_eth_sign_transaction = not_implemented(EthModuleTest.test_eth_sign_transaction, ValueError)
+    test_eth_sign_transaction_hex_fees = not_implemented(
+        EthModuleTest.test_eth_sign_transaction_hex_fees,
+        ValueError
+    )
     test_eth_sign_transaction_ens_names = not_implemented(
         EthModuleTest.test_eth_sign_transaction_ens_names, ValueError
     )
diff --git a/web3/_utils/method_formatters.py b/web3/_utils/method_formatters.py
index e489b324e3..abbf21cd1b 100644
--- a/web3/_utils/method_formatters.py
+++ b/web3/_utils/method_formatters.py
@@ -411,6 +411,7 @@ def apply_list_to_array_formatter(formatter: Any) -> Callable[..., Any]:
         (is_length(2), estimate_gas_with_block_id),
     )),
     RPC.eth_sendTransaction: apply_formatter_at_index(transaction_param_formatter, 0),
+    RPC.eth_signTransaction: apply_formatter_at_index(transaction_param_formatter, 0),
     RPC.eth_getProof: apply_formatter_at_index(to_hex_if_integer, 2),
     # personal
     RPC.personal_importRawKey: apply_formatter_at_index(
diff --git a/web3/_utils/module_testing/eth_module.py b/web3/_utils/module_testing/eth_module.py
index d1eafb651e..c529533147 100644
--- a/web3/_utils/module_testing/eth_module.py
+++ b/web3/_utils/module_testing/eth_module.py
@@ -939,7 +939,11 @@ def test_invalid_eth_sign_typed_data(
                 json.loads(invalid_typed_message)
             )
 
-    def test_eth_sign_transaction(self, web3: "Web3", unlocked_account: ChecksumAddress) -> None:
+    def test_eth_sign_transaction_legacy(
+        self,
+        web3: "Web3",
+        unlocked_account: ChecksumAddress
+    ) -> None:
         txn_params: TxParams = {
             'from': unlocked_account,
             'to': unlocked_account,
@@ -957,6 +961,56 @@ def test_eth_sign_transaction(self, web3: "Web3", unlocked_account: ChecksumAddr
         assert result['tx']['gasPrice'] == txn_params['gasPrice']
         assert result['tx']['nonce'] == txn_params['nonce']
 
+    def test_eth_sign_transaction(
+        self,
+        web3: "Web3",
+        unlocked_account: ChecksumAddress
+    ) -> None:
+        txn_params: TxParams = {
+            'from': unlocked_account,
+            'to': unlocked_account,
+            'value': Wei(1),
+            'gas': Wei(21000),
+            'maxFeePerGas': web3.toWei(2, 'gwei'),
+            'maxPriorityFeePerGas': web3.toWei(1, 'gwei'),
+            'nonce': Nonce(0),
+        }
+        result = web3.eth.sign_transaction(txn_params)
+        signatory_account = web3.eth.account.recover_transaction(result['raw'])
+        assert unlocked_account == signatory_account
+        assert result['tx']['to'] == txn_params['to']
+        assert result['tx']['value'] == txn_params['value']
+        assert result['tx']['gas'] == txn_params['gas']
+        assert result['tx']['maxFeePerGas'] == txn_params['maxFeePerGas']
+        assert result['tx']['maxPriorityFeePerGas'] == txn_params['maxPriorityFeePerGas']
+        assert result['tx']['nonce'] == txn_params['nonce']
+
+    def test_eth_sign_transaction_hex_fees(
+        self,
+        web3: "Web3",
+        unlocked_account: ChecksumAddress
+    ) -> None:
+        txn_params: TxParams = {
+            'from': unlocked_account,
+            'to': unlocked_account,
+            'value': Wei(1),
+            'gas': Wei(21000),
+            'maxFeePerGas': hex(web3.toWei(2, 'gwei')),
+            'maxPriorityFeePerGas': hex(web3.toWei(1, 'gwei')),
+            'nonce': Nonce(0),
+        }
+        result = web3.eth.sign_transaction(txn_params)
+        signatory_account = web3.eth.account.recover_transaction(result['raw'])
+        assert unlocked_account == signatory_account
+        assert result['tx']['to'] == txn_params['to']
+        assert result['tx']['value'] == txn_params['value']
+        assert result['tx']['gas'] == txn_params['gas']
+        assert result['tx']['maxFeePerGas'] == int(str(txn_params['maxFeePerGas']), 16)
+        assert result['tx']['maxPriorityFeePerGas'] == int(
+            str(txn_params['maxPriorityFeePerGas']), 16
+        )
+        assert result['tx']['nonce'] == txn_params['nonce']
+
     def test_eth_signTransaction_deprecated(self,
                                             web3: "Web3",
                                             unlocked_account: ChecksumAddress) -> None:
@@ -988,7 +1042,8 @@ def test_eth_sign_transaction_ens_names(
                 'to': 'unlocked-account.eth',
                 'value': Wei(1),
                 'gas': Wei(21000),
-                'gasPrice': web3.eth.gas_price,
+                'maxFeePerGas': web3.toWei(2, 'gwei'),
+                'maxPriorityFeePerGas': web3.toWei(1, 'gwei'),
                 'nonce': Nonce(0),
             }
             result = web3.eth.sign_transaction(txn_params)
@@ -997,7 +1052,8 @@ def test_eth_sign_transaction_ens_names(
             assert result['tx']['to'] == unlocked_account
             assert result['tx']['value'] == txn_params['value']
             assert result['tx']['gas'] == txn_params['gas']
-            assert result['tx']['gasPrice'] == txn_params['gasPrice']
+            assert result['tx']['maxFeePerGas'] == txn_params['maxFeePerGas']
+            assert result['tx']['maxPriorityFeePerGas'] == txn_params['maxPriorityFeePerGas']
             assert result['tx']['nonce'] == txn_params['nonce']
 
     def test_eth_send_transaction_addr_checksum_required(