2026-01-09 17:25:12

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.

BTC-0,11%

ETH0,06%

BNB0,91%

DOGE-0,78%

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FomoAnxiety

· 1h ago

Well, if institutions don't buy ETH, what can retail investors hold up? BNB relies on policy hype this time; what if it can't be sustained? Dogecoin has become a futures cash cow, both longs and shorts are bleeding. BTC must hold the line, or the entire market will collapse. ETH has been a dream for ten thousand times, but 3300 is still just a dream. Grayscale's move was a masterstroke, is there a chance to scoop BNB at a discount? Now entering the market means waiting for death; not entering means waiting for bankruptcy. What's the middle path? The trading volume of DOGE futures has skyrocketed ridiculously, which is a clear signal of a pump-and-dump. The frustrating part is, it has to be Bitcoin to rescue the market.

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BugBountyHunter

· 01-09 17:52

Bitcoin is just sitting there, with no confidence on either side. ETH is indeed a bit uncertain; if institutions don't buy in, everything else is pointless. Let's wait and see. The BNB ETF application this time is quite interesting; Grayscale played a good move. As for the DOGE futures explosion, wow, both bulls and bears are throwing tantrums, no one wants to admit defeat. Actually, it still depends on Bitcoin's mood. If it can't stabilize, things will get even harder later on.

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ProbablyNothing

· 01-09 17:51

ETH this wave really can't hold up, institutional trading is surprisingly indifferent BNB still has grayscale backing, but the 900 level is really tight Dogecoin derivatives are exploding, this is the gambler's playground Bitcoin is unstable, everything else is pointless, it all depends on its mood

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RektButStillHere

· 01-09 17:50

ETH this wave is really embarrassing, institutions don't buy it at all, bulls need to work harder BNB is so excited just because of an ETF application? It's all about mindset DOGE futures exploded by 4858%, this is true chaos, everyone wants to buy the dip Bitcoin can't hold above 90,000, everything else is pointless Ethereum breaking below 3000 is really dangerous, it was obvious to be bearish on this wave How long can BNB's double bottom support hold? It's a bit risky Dogecoin derivatives are exploding, retail investors are about to get cut again Institutions are fleeing ETH, what does this indicate, everyone? BNB is now entirely supported by expectations, once the ETF application fails, it will crash directly Bitcoin hasn't even held above 90K, and you're still hoping for altcoins to rebound?

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AirdropHunter420

· 01-09 17:27

ETH this wave is really a bit disappointing, institutions have all run away --- BNB is holding up with Grayscale support, but I really don't believe in this matter --- Dogecoin derivatives exploding so wildly, who the hell is fighting to the death inside --- Bitcoin staying at 90,000 for so long, how can the coins below be independent? Laughing to death --- Honestly, just waiting for institutional buying, it'll come sooner or later anyway --- DOGE futures volume has surged so much, there must be big players playing with fire --- Three coins with different logic? Feels like they all follow BTC's rhythm in the end --- Grayscale BNB ETF is a bit interesting, maybe it can really trigger a wave --- If 0.14 holds, DOGE still has a chance; if it breaks, just wait for the dip to buy in

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