That could happen. I think the bitcoin whales are waiting for new release of the software before pushing the price higher.
I think the bitcoin whales are buying the Ethereum now, especially the ETC. The price has risen a lot today.
I noticed that too, but I also noticed that the price of ETH dropped at the same time. But it went back up the next day. It's hard to tell if ETC is overinflated right now. It may come back down.
they are both overpriced by a lot, it is only because of the hype the coin brings to the table. if you look at the history of how ethereum started out and how it rise up to its ATH you will realize that it has all been about the hype that this coin creates.
and so far i haven't seen any improvement, or any real world application out of this coin except talk...