All steroids can elevate hemoglobin, as far as I am aware. Anadrol and EQ will elevate it dramatically. I'm not sure of the cause for your issue, but it sounds like it is because of your HRT program. All you need to do is have a pint of blood removed and you will return to normal. I have this done 2 to 3 times a year, as needed. I usually always experience high hemoglobin while running EQ. Seems to be the only negative side I get from it.