I am thinking ETH will go up because people dumping DAO will increase the demand for Ether.
is my logic flawed?
No one is going to dump DAO. People in the know invested in it for reasons other than tiddly winks pump and dump satoshi lambo dreams. This is an experiment, a first of its kind, it is not a coin or anything we have known - it could change the way we think about corporations and business entities.
DAO does not move much because it is not supposed to, hasn't even gotten started.
For people bored of DAO or getting ready for a pump and dump head on over to coinmarketcap and you can select from 600 other altcoins, I heard lollipop coin is about to take off.