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In the current environment, ETH's performance may reflect a bifurcation, where its USD and BTC valuations may tell contrasting stories. As a long-term investor, it is thus vital to temper expectations. It is also prudent to continuously analyze concrete market signals rather than rely solely on a potential end of QT to justify immediate bullish sentiment.

Conclusion: A Watchful Eye on Central Bank Decisions

Ultimately, the Bank of Canada's announcement has implications that reverberate across the economic landscape. Attention will now turn to the FED, as traders prepare for the ramifications of a potential change in its policy.