I think the price of the Etheruem (both ETH and ETC) are consolidation. They will rise a lot in the next few months.
We shall see what will happen, i am just wondering how is it possible for ETH and ETC to both rise in value when they should shrink to reach the a mean reversion sorta thing.
If the markets were that easy to predict, we'd all be millionaires by now, heh. ETC volume is still reasonably strong compared to other alts, but ETH is back to being the main attraction and ETC is merely a sideshow now. Still not holding much of either, though, as other alts can deliver all the same features (which they had before ETH went live) and are still much cheaper to invest in. ETH is way overpriced for what it is and relies mostly on hype for its network effect.
If price as of today double will you think that Hard Fork is a bad thing? How about they just doubled the quantity of Bitcoin that can be mined and go to 50 BTC per block reward atter that? The result will be is that we will have the same price and will have more BTC in curculation in the future. I hope its not a bad thing.