According to @CryptoMichNL, BTC is at 116,000 and consolidating, ETH is breaking out toward 4,600, and altcoins are starting to outperform, framing the current and upcoming market regime (source: @CryptoMichNL on X, Sep 12, 2025). For traders, the key levels highlighted are 116,000 for BTC and 4,600 for ETH, with an implied rotation bias into altcoins based on this view (source: @CryptoMichNL on X, Sep 12, 2025).

According to @CryptoMichNL, ETH has rallied more than 100% in less than two months, a move he compares to Bitcoin’s momentum after the BTC ETF launch (source: @CryptoMichNL). According to @CryptoMichNL, this pattern increases the likelihood of a new ETH all-time high (ATH) followed by consolidation rather than an immediate reversal (source: @CryptoMichNL). According to @CryptoMichNL, traders can frame this as a trend-continuation setup into an ATH breakout with expectations for a post-ATH range to develop in the current cycle (source: @CryptoMichNL).