ENPH appears to be establishing a potential bottom in the near term. If the price holds consolidation around the $37 support level, we could be looking at an inverse head & shoulders pattern taking shape—a classic reversal setup in technical analysis. The next meaningful resistance sits at $43.89, which would be our primary target if this bullish scenario plays out. Volume shelf support at these levels suggests institutional interest remains present. Keep an eye on how price action behaves around $37; if it holds, the upside move toward $43.89 could materialize.