There is a fair bit of speculation that this is the case. Moreover, with scrotal cream DHT can get very high, which also counteracts estradiol, both in creation and in receptor binding.
Interesting. In theory I see how it should counteract the creation. However, my labs just came back on the cream and total T was 1680, free T was much much higher than when total was 1600+ on injections, total E2 was as high as its ever been, 79 standard E2, and 88 sens E2, and free E2 was much higher than it was on injections.
So for me, the high DHT- 311 (16-79), didn’t seem to inhibit E2 creation at all. Definitely thinks it inhibits E2 on a receptor level tho.