Only the noobs are in panic over these prices. Every market goes through corrections like this. Once bitcoin reaches 20k again ethereum will be back to 1400 as well.
The fact is that for many users of cryptocurrencies, the names of cryptocurrency businesses are the main source of income. Therefore, any negative changes in the cryptocurrency market literally hit them in the wallet. Because of this, they have not only panic, but also an inadequate reaction in the market.