What does this tell us?
I do not know what to think anymore!
BTC just went under 9K
Everything is struggling right now if you are looking at the $ value, nothing has really changed with the fundamentals of any coin, I wouldn't worry too much especially with ETH as there will be a time soon where this downside becomes and upside and everyone will be a lot happier.
Yes, I agree with you, the panic will only make things worse. Eth will be strong and soon recover made everyone smile again.