The post Ethereum Reclaims $2,100 as Tom Lee Reaffirms Store of Value View appeared on BitcoinEthereumNews.com.

Key Insights: Ethereum price returns above $2,100 as market sentiment improves. Tom Lee repeats his view of ETH as a long-term store of value. Developer updates and ENS discussion support steady network growth. Ethereum price moved back above $2,100 after comments from Fundstrat’s Tom Lee and steady updates from developers helped calm recent market pressure. The move came as traders shifted focus from short-term swings to how ETH is being used across finance, identity, and digital services worldwide. Ethereum Price Rises as Store of Value Debate Returns Ethereum price surged past $2,100 in early trade as buying interest revived after a few quiet days. Following the move, Fundstrat’s Tom Lee repeated his claim that ETH remains very important in modern finance. He refers to ETH as a store of value that supports real things rather than hype. However, market watchers observed that the rise occurred without any heavy volume, indicating that the demand remained steady. This pattern has been common in recent weeks, with the ETH price reacting more to long-term signals than daily headlines. Ethereum Validation as Future of Finance | Source: Thomas Lee Traders appear to be watching usage and development closely. Ethereum continues to host stablecoins, tokenized assets, and lending tools that process large volumes each day. These uses give weight to the store of value argument raised by Lee. As more capital moves through these systems, holders see ETH as fuel for the network rather than a short-term bet. The return to $2,100 also follows weeks of price pressure that left ETH price trading below key levels. As of writing, the ETH price was trading at $2,040.72. While risks remain across global markets, the lack of panic selling suggests many investors are willing to wait. For now, the price action reflects patience rather than excitement. Developer…

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Filed under: News - @ February 7, 2026 10:27 pm