Bitcoin fluctuated around the key level of $90,000 on the 9th, serving as a clear market indicator. In this context, Ethereum, BNB, and Dogecoin are all entering correction phases, but the specific reasons differ for each coin.

**Ethereum Faces Some Pressure**

The price is hovering between $3,096 and $3,116, with a significant 24-hour decline. The problem? Institutional buying in the US is clearly lacking. On the upside, $3,300 is a strong resistance, while support relies on the $2,900-$3,000 zone. In simple terms, there's a lack of upward momentum; bulls need to show real strength.

**BNB Shows Some Bright Spots**

You may have heard that Grayscale recently filed for a spot BNB ETF, giving the market a boost. The price has slightly risen around $889-$891. Although technical indicators still show pressure, sentiment has improved somewhat. $900 is both a psychological and technical barrier, with $850 forming a double bottom support, making it a relatively stable level.

**Dogecoin's Story Is Quite Lively**

After such a sharp rise earlier, a correction is normal. The current price is $0.1424, down nearly 3% in 24 hours. Interestingly, the derivatives market is exploding—BitMEX futures trading volume surged by 4858%, indicating intense battles between bulls and bears at this level. Resistance above is at $0.156, with support around $0.14.

Overall, all three coins are in correction, but the driving forces behind them are different. ETH is driven by demand issues, BNB relies on policy benefits, and DOGE's hype fueled by derivatives trading is cooling off. The market is still searching for direction; the next move depends largely on whether Bitcoin can hold this level.