According to AltcoinGordon, on-chain activity for Ethereum (ETH) is experiencing a parabolic surge, as illustrated by recent transaction volume and active address metrics (Source: @AltcoinGordon, June 8, 2025). Historically, sharp increases in on-chain activity have preceded significant price movements in ETH, with similar spikes in 2021 and 2022 leading to bull runs (Source: Glassnode, 2022). Traders are advised to monitor network gas fees, DeFi protocol usage, and NFT transaction counts, as these indicators are currently trending upwards, often signaling increased demand and potential price volatility. Short-term trading strategies may benefit from heightened liquidity and volatility, while long-term investors should watch for sustained on-chain growth as a bullish confirmation.