I happen to believe something catastrophic happened in the mid-500's AD, a date many believe was the period of King Arthur. The tree rings, worldwide, indicate a serious temporary climate change at exactly that period. I think a comet or comet fragment plunged into the Celtic Sea in 540AD. All these legends have grown out of an effort to explain that event. Swords, snakes, dragons and angels have always been associated with comets in myths. All tree ring events dating back to 3000BC have an acid layer (volcanoes) in the ice cores, the 540AD event does not have an acid layer. (comet?) This catastrophy (serious cooling) probably plunged Europe into the Dark Ages.
Krakatoa erupted some time in there too. The whole world supposedly had no sun for about 3 days and there was snow in the summers due to the particles blocking out the heat of the sun, making the average earth temperature much cooler for a while.
This could account for the "the sky is falling, the sky is falling" line that occurs in Celtic folk tales.