Standard electrode potentials are:

$F{e}^{+2}/Fe$ ,$E°$ $=$ $-0.\mathrm{44 }$

$\mathrm{ }F{e}^{+3}/F{e}^{+2} ,E°$ $=0.77$

Choose the correct observation if $F{e}^{+2},$ $F{e}^{+3}$, and Fe  block are kept together:

1. $F{e}^{+3}$ increases 

2. $F{e}^{+3}$ decreases 

3. $\frac{F{e}^{+2}}{F{e}^{+3}}$ remains unchanged 

4. $F{e}^{+2}$ decreases