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Ya everyone is definitely very different. I see what you’re saying. So say if my E2 was 71, without my testosterone being elevated as well, I would most likely see my SHBG go higher than my baseline, due to the elevated E2.

So seems like, at least for me, E2 elevating SHBG is a mute point, due to anytime my E2 elevating, my testosterone is obviously going to be going up as well and counteracting whatever elevation E2 is causing. Maybe others are different. But doesn’t seem like most men are that different to be honest. Seems like, for most, elevated testosterone leads to lowering of SHBG, regardless of their E2 elevating as well.

You’re still most likely right though. Exogenous estrogen will most likely elevate SHBG. Makes sense though that elevating E2 without concurrently elevating testosterone will lead to higher SHBG levels.