@clement2
A sudden Ethereum gas spike often reflects surge in application activity (NFT drops, MEV, botting) or network congestion. It can presage a fresh narrative—renewed demand, token launches, or speculative episodes—but also deters small users. In the next [time period], if activity is utility-driven (DeFi, onboarding), ETH demand and fees may remain elevated; if speculative, expect a cooldown and migration to L2s, which moderates mainnet fee pressure.
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