Can I enable/disable to the Ethernet IP node?

I am not terribly familiar with the EIP nodes so if they haven't provided a means to connect/disconnect on demand, then probably not.

However, you can easily block or interrupt the flow of messages out of the EIP node.

This can be achieved with "gate" type contrib nodes or using built in nodes

Working example : Cancel inputs for a period of time - #6 by Steve-Mcl