My males did that when they wanted to entice a female - swimming with their noses in the air, so to speak. The courtship proceeded like this.
Stage #1 Male swims in front of female, nose up. Female ignores him and turns away. Male chases female.
Stage #2 Male swims in front of female, nose up. Female takes notice, then swims away. Male chases female.
Stage #3 Male swims in front of female, nose up. Female starts to follow male, then swims away. Male chases female.
Stage #4. Male swims in front of female, nose up. Female finally follows male all the way to the bubble nest and they spawn. Then male chases female away.
The female usually ended up with bits missing from the edge of her tail, but it healed quickly.
Males fighting involves them circling round each other.
Your male is in breeding condition judging by the amount and depth of colour of his black throat. If he's swimming nose up, he is displaying to a female.
Has he started building a bubble nest? One male I had never built a bubble nest, after spawning he clustered the eggs around the heater cable